Dow just went below 7000.
(Starting when the Dow was last near 10000, I kept asking him if we’d see 7000 or 13000 first. He first said 13000, then 7000, then a few weeks back switched back to 13000.)
OK, so next question, to repeat the 30% up or down…
Which do we see first from this point… 4900 or 9100?
That’s another 30% down from here, or 30% up from here.
Ivan?
[Update 14:49 UTC – Added parenthetical clarifying what the original question was.]
It hasn’t closed yet…
Doesn’t matter where it closes, it went below 7000…
Not that it mattered, it closed well below 7000.
Ivan called me later, saying he is out of the prognostication game.
As for me, I’ll go with us hitting 4900 before we hit 9100.