And perhaps for a longer period beyond tomorrow. We may yet witness another draw down analogous to the 2008/2009 financial crisis 50% drop in the major indices.
In fact, based on retracement theories, a 50% retracement from the run from 666 low to 3400 high is S&P at about 2000 which Goldman has stated is now likely.
A 61.2% retracement takes us down to S&P 1400. Look out below.
At those levels, one heck of a buying opportunity for stocks of companies with great balance sheets.
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