Phil
What is your guru saying these days.
Obviously the massively higher targets are out the window as time is running out for Dent's prognosis.
I agree that 2010 seems to be about the latest for any sort of top based on all the cycles including 40 year.
We all know markets work somewhat independently of economics and I think US markets will bottom well before 2022, more like 2015ish, but don't dispute the economics of what you suggest.
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