I thought I should be the first to bring this up, but a full deflation of this extended chapter of the Fed experiment implies a retest of the 1987 lows, or 218 on the S&P 500.
I understand this is rank madness and irresponsible bearishness, but the geometry is now in place for this, as are the domestic and international prerequisites and trigger events.
This is a 95% decline from yesterday's all-time highs.
The final leg down will run from the September FOMC to the November meeting, as they at first eschew, then embrace, policies needed to stanch the bleeding.
It's not a bug, it's a feature. The debt monster is out there waiting to deflate all the things.
It can't be bargained with, it cant be reasoned with, it doesn't feel pity or remorse or fear, and it absolutely will not stop... EVER, until you are dead!
| 95% decline from top to bottom |
