A_I, If you get a chance today or perhaps this weekend, I would like to know your thoughts on the Millennium Wave idea, specifically, that it should be correcting, or has been correcting since either 1987 (that was Prechter's time target) or 1994 (that was Prechter's price target for the Dow). Even if the Wave V of (V) did end in March 2000, wouldn't we be in for a much more significant correction on the Super- or GrandSuperCycle Degree? Something like that would put our current big picture in III of (a) down, or worse. This would certainly be a gloomy outlook that most people are not likely to accept and it would likely drag out over decades. This certainly fits the idea that the US will experience stagnation in growth as other countries begin to catch up with us.
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