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S&P 500
5,266.95
(
-0.74%
)
US TECH 100
18,178.00
(
-1.14%
)
Dow Jones
38,441.54
(
-1.06%
)
Brent Oil
83.52
(
0.17%
)
Bitcoin
67,927.69
(
0.51%
)
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JCRod2018

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JCRod2018

Re: None

Thursday, 05/12/2022 11:59:27 PM

Thursday, May 12, 2022 11:59:27 PM

Post# of 794756
Mirroring market

SPY went down -57.5% during financial crisis. Then it went up 570% , as of January 2022.
SPY is now down -14% since January 2022. We could say it needs to go down another -43%

Since stocks usually follow the market, once SPY gets to the 191 territory, FNMA could be at around $0.45 - 0.35.That would be bottom.
Time to buy around there
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