What goes up, must come down. A little Blood, Sweat & Tears (lots of tears), for you today.
I'm back from a few days of not thinking about the economy, and the depression we are now 11 months into. Ip'm utting my ass on the line again, with some hard number, hard date predictions. Here they are.
The Nasdaq will drop below 8,000 points BEFORE November 3rd, 2020
The Dow Jones Industrial Average will drop below 20,000 points BEFORE November 3rd, 2020.
The S&P 500 will drop below 2,500 points BEFORE November 3rd
Call if the Trump Dump, if you need a catchy nickname. Or not, he didn't cause this, he just helped make it worse.
Will these ridiculous predictions come true? Of course not, as anyone in the market right now. "It will never go down!" Right? We'll see.
By the way, here are my last set of ridiculous predictions. No one in any serious position of expertise thought ANY of these would happen in 2020 when I wrote this post. Three of the nine predictions have come true, and they were all for calendar year 2020, so there's four months left to see if any of the others happen. Once again, let's hope I'm wrong...
Remember to vote for someone, for every office open, on November 3rd.
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