Thursday Dec 8 2022
The markets are off this year but they seem to be councing back, notice the INDU is still around 34,000 down from its high of 36,000.
Suppose this will be more like 2000-2002
Let's use the SPX as it is performing between the INDU and NASD
even two years into the sell off, the INDU had only lost
1/3 of its value. The end came in the third year.
So let's compare then and now on the same time frame.
SPX Year 2000
SPX this year
both time periods made a high in September and then sold off, more so in 2000. A rough analogy but one to keep in mind/
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