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Economy/Business / Re: DOW 40,000
« Last post by banddag on Today at 04:26:33 pm »Fool's gold X 4
This market is approaching 75% oversold. When it crashes, expect 15K + or -. based on reasonable Market Caps and P/E ratios.
I have been hearing these doom and gloom predictions for 35 years. After the 2008 crash, pundits said it would take 20 years to get back to where it was because at the time many investors were new , first time investors and pundits said after they got burned they would never come back to the market .
There was a an article recently that millennials and gen z are getting or planning to get in the market and n huge numbers because they know SS will not be around for them or the benefit will be cut These young folks are educated savy and making big salaries.
I survived 1987, the dot com crash, housing boom crash and the Biden crash. ( oh wait that never happened)
The world is now a investing more and more in the US. Would you invest to China, Russia, western Europe that is dying due to negative birth rates
I expect another major correction or two before I get planted