As the carnage continues with stocks now ignoring anything the Fed throws at them — and the Fed has pretty well thrown everything it has used in the past and is now moving into bailout mode — where is the US stock market crash likely to to stop falling? So far, it’s been limit-down all the way.
Before posing “The Fed is Dead” later today, I wanted to rush this out because I can get it published quickly:
The above graph shows two reasonable targets that I would suggest.
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