WOers, don't despair.
End-of-year, 200 grand.
Buy one, get one free!
#haikuquickie
...correction...1.5 free ...for now.
Here is a little theory: since bull market was shorter and meeker than expected, bear market would also be shorter than expected.
"wham, bam, thank you ma'am".
WBTYM
If that was the cycle top, it was lower than the last one, which probably means the next will be lower than this one. Therefore, next cycle target price would be about 130k maybe. That doesn't sound likely IMO so at this juncture I don't believe we have hit the cycle top yet. A shorter bear market could just mean this is a correction in the bull market.
Of course, I'm usually wrong so this is probably the start of an 80% correction and we'll be back in the $20ks by mid summer.
109 is > than 69K, not sure what you are referring to. A % increase?
If macro factors
trump cycles, next peak would be unpredictable, ain't it?
whether it is a correction or a mini-bear depends on duration. In 2017 corrections were very deep, but lasted only a short time.
Let's see what happens here.
Yeah I mean each cycle (so far) ATH is less and less in percentage terms.