Look for either the 'low' to have been made already with some continued weakness the next 2 weeks before a massive 15% to 20% rally through Feb-March. Then another 'fast' vicious fall to 'retest' this low in the SPX of 1070 to 1125 to 'end' it and a new secular bull market to begin slowly.
However, fair value for the SPX right now based on consensus EPS for the SPX is the 2002 low of let's call it 800. That's basically DOW 7500.
That also means Nas 1100 ish again.
Ouch.
AAPL to $20? RIMM to $20? GOOG to $150? BRCM to $6? MRVL to $2?
That's what would happen. But not just yet. Let's see.
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