Hi Don, I'm on board with your fake-out - what do you think the biggest "alarm" will be just before the S&P is about to crash? Also I know you said gold might drop to 2350 to 2450 - but considering it might well hit 3,000+ before then do you think a correction to circa 2,700 would be more probable? Also as the dominoes start to fall leading into a recession - do you think the housing market will be hit as badly as 2008....(Sorry for all the questions!)
These are good questions. The alarm is likely to be some type of black swan that is a trigger. Something unexpected. That said, I think the S&P reaching 6200, 6300, 6400 will create a tipping point. At some point, we reach exhaustion.
If gold does get above $3000, then yes, the floor rises. $2400, $2500, $2600, and perhaps even $2700 could be the floor.
Housing won't be as bad as 2008 because of inflation. People will want to own a house to offset inflation.
Hi Don, I'm on board with your fake-out - what do you think the biggest "alarm" will be just before the S&P is about to crash? Also I know you said gold might drop to 2350 to 2450 - but considering it might well hit 3,000+ before then do you think a correction to circa 2,700 would be more probable? Also as the dominoes start to fall leading into a recession - do you think the housing market will be hit as badly as 2008....(Sorry for all the questions!)
These are good questions. The alarm is likely to be some type of black swan that is a trigger. Something unexpected. That said, I think the S&P reaching 6200, 6300, 6400 will create a tipping point. At some point, we reach exhaustion.
If gold does get above $3000, then yes, the floor rises. $2400, $2500, $2600, and perhaps even $2700 could be the floor.
Housing won't be as bad as 2008 because of inflation. People will want to own a house to offset inflation.