First of all, I don't know if anybody watched Jimbo last night, but what he is saying sounds a lot like my last post on efficiency. Wall St. economists have the US economy wrong and will be surprised by its chameleon like qualities. The ability for the worlds largest economy to turn on a dime and head in new directions was not there in the 1970s, I believe it to be there now. Primarily through technology. The second thing they will be surprised by is the discipline of the American consumer, look for surprises in the velocity of money.
So my Fearless forecast is, pretty much what Andre is saying we, bottom in the second quarter, possibly in the next couple weeks, then on to new highs (no kidding) late 3rd early 4th quarter, 4900-5040,, Then back down to close the year somewhere around 4300 -4400. (JMHO)
Edited by slupert, 30 April 2022 - 04:33 AM.