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Message: Looking back.

I took a look at my Sept 6 post again, where I tried to calculate possible DOW number if we will go to a real recession. 

So applying percentages and approximate numbers of the previous recession in 2008:

2022 DOW high approx.. 36000; 2008 DOW high approx. 14000, 2008 low – 8000

  36000 x 8000 : 14000 = approx. 20571

So, DOW needs to, or will go to approx. 21000 during the next real recession !!!! WOW, we have another 9000 pt. to fall.

NASDAQ numbers do not look too much better :

16000 x 1500 : 2700 = 8888, let say approx. 8900 . Another 3000 pt. to fall !!! "

 

Those numbers are awful and hope we will never hit a real recession so we can compromise at something in between.

Without looking at the chart  - LAC support at $20 should be concrete strong. 

I wonder if opposing party can file appeal after Oral Hearing. Seems we never got a clean answer on this topic.

Maybe Neal knows this subject matter. One thing for sure - the production from Argentine would put a floor at share price. We need it bad in Q1.

All ahead.

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