It may even go to 15. When bubbles burst and then hit bottom, they have lost 90% of their value.
(That's why I think the NASDAQ's going to around 600 when it finally crashes and bottoms in 5 or so years. I believe that the NASDAQ is in now is a corrective wave 4. Wave 5 down is yet to start. And, that XLF is going to 13, at least. All jmho.)
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