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the final target for the spx


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#1 andr99

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Posted 11 June 2024 - 04:40 PM

might even be 6500 at the end of 2025. Which is later than previously thought by me. Infact the automobile sector seems in a correction

 

that might go on till late 2024, but then it should rise for a whole year which thing it wouldn't be able to do if the spx were dropping. Ergo

 

if my read of that sector is correct, no top till late 2025. My point of view.   


forever and only a V-E-N-E-T-K-E-N - langbard


#2 steadyquest

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Posted 12 June 2024 - 10:04 AM

6500?  Why the pessimism?

I think many have yet to grasp the repercussions of an unbridled economic system in which budgets don't exist and deficits don't matter.  A 10% true inflation rate (https://www.shadowst...nflation-charts) reduces a 35 trillion dollar debt in real terms by 2 trillion a year, even when running a nominal 1.5 trillion dollar deficit.  So in real terms the debt is declining, accomplished predominately on the backs of citizens who don't possess significant appreciating assets, e.g., the destitute, the working poor and the risk-averse.  The sad irony is that the greater risk might be in missing-out on the next leg up - it could be a stunner.

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#3 GDA

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Posted 12 June 2024 - 01:42 PM

There are three long-term bullish cycles I keep an eye on:

the 17 year cycle peaks in 2025-26, the 25 year in 2033, and the 33 year in 2036. 



#4 GDA

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Posted 12 June 2024 - 03:58 PM

There are three long-term bullish cycles I keep an eye on:

the 17 year cycle peaks in 2025-26, the 25 year in 2033, and the 33 year in 2036. 

And the targets range from 50,000 to 100,000 for the DJIA.



#5 steadyquest

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Posted 13 June 2024 - 12:29 PM

I have an alternate count that hits 650, but this one has the better numerical fit.  Wonder if it will predict this week's high or closing price (or next week's low or opening price?).

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