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Europe and China: Already In Recession | Paul Hodges
Forward Guidance
The Market Is Already Down 20 %
This is the second most valued, highly valued et in history according to robert shiller's cape index. The highest valuation was two thousand after which nasdak came down 80 %. So we going to come down t the normal valuation. We were at 38 last year,. He normal valuation is about 15%. But of course, you never youno. Markets don't just go to a nice rational thing. They always over react. If they've gone too far up, they come too far down. With one proviso that this rotation theory, which we've seen many times soit it's not something that we need to sort of say, old worl not sure that will happen
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