atmsmshr
Full time employment: Posting here.
I believe running man thinks we are around the yellow arrow on this chart (I did the crude annotation):
+1 - tend to agree with Running man, and I am usually an optimist on the economy. Not this time.
No idea how far the drop will be - there is a lot of cash still sloshing around at the moment in some sectors of the population that could be deployed on another drop (but still not enough cash for the most vulnerable hourly workers to pay rent and mortgage).
Right now, the major indicies remind me of how people chattered about NASDAQ gains in 1999, or their Zillow home values in early 2008. It is just not sustainable with the underlying fundamentals. Money supply and liquidity is being expanded, but capital is being destroyed. World wide.