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Originally Posted by -BEASTMW-
Quote:
Originally Posted by mact3333
And yes I still think we see 1200 SPX a year from now...might be a bold statement but at least I will take a stand and make some calls based on my own charts and theories rather than spew empty criticisms(still not a single call).
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What is your rationale behind that feeling? Just wondering. I agree the bull market is aging quite a bit and stocks are expensive, but that's a -40% swing, which seems to reflect a bonafide recession. Recessions are most often caused by unemployment, and that's looking pretty darn good right now in the U.S. Just curious about the reasons for your convictions. Thanks. |
Have you checked the labor participation rate recently and/or the quality of the "new" jobs (FT vs PT)?