Stock Market

If Unemployment Levels Remain Low, How Far Can the Stock Market Decline? – Mish Talk

S&P 500 chart courtesy of StockCharts.Com, annotations by Mish.

S&P 500 chart courtesy of StockCharts.Com, annotations by Mish.

Where Is the Market Headed and When?

Nasdaq 100 monthly chart courtesy of StockCharts.com, annotations by Mish.

Nasdaq 100 monthly chart courtesy of StockCharts.com, annotations by Mish.

On August 29, I asked Gaps Galore on the Stock Market, Where Is the Market Headed and When?

My Answer

  • I think the S&P is headed to the 2400 level and the Nasdaq to the 6,000 level.
  • That’s roughly a 50% decline from the top on the S&P 500 and a 64% decline from the to on the Nasdaq.  

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