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Milford, IL | I agree this is likely not the end of the dip. '08 SPY started the year at about 130 and finished the year in the upper 80s. A 30% dip from today would = about 300.
If a guy marks a point just before the covid dip, and uses a 6.5% annual growth rate, ends up right about where SPY is today. Massive stimulus and subsequent inflation make it difficult for me to value anything today off the cuff. Its a brand new game.
I have a tenative plan to start buying back in around 325, and I don't trade 3x leveraged ETF, too much risk for my liking.
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