close predictions, page-25

I have to admit that although I think I have an historical economic viewpoint, I certainly am not an economist and that may be a plus or a minus.

How this year ends will be very important from my technical viewpoint.

I don't see it happening but a severe low into year end would radically change my outlook, for the better. At this stage it seems that year end will be a rally and so just a pause/rally of the bear market.

For me, technical comes first and any attempt to justify on economic grounds is just that, justification.