Are we still in a bull market?

I don't think so.

I think that the bull market was going to end and you always wondered guy what was going to end the whole process?

Andi, if it was not the Corona virus, it might have been eventually high evaluations and fear that would have done it would have turned the market.

But now I think we are in a very veritable a bear market, and that is more to come.

What kind of levels are you talking about?

3000 on the S and P, obviously, is the level people are now watching very carefully.

By by the end of this year, are we significantly below where we are now, All kind of where we are now.

How much of a How much I was set off.

Are we going to see well, be a 30 43 on the S and P guy?

That's only 43 points about the 3000 figure.

My expectation is that you would cross 3000 before too long.

I don't want to say what day, but if the Corona virus spread in the United States happens to be verified and what we found yesterday in California, which is unrelated to any travel related person.

And if that's so, it spreads, and that means that is more in the society currently existing.

None of that is discounted in the S and P 500 prices, which is why my expectation is that you go below 3000 on.

It is hard to say what where it drops, but 3000.

It's an easy number for me, guy.

Well, so this is the 34th settle for more than 6% since 1953 and obviously not all, not even very many of those resulted in a stock market that was lower a year later.

If there is indeed an outbreak in the United States, is everything priced in at this point, or do we get a further set off?

Yeah, I think you get the further sell off when you find out that the Corona virus has spread, but that is going to be a bottom.

Equities are going to be a buy on borns at some point, would become a cell, but that is not yet.

Where would that come?

I would expect one.

It'll be 6 to 9 months from now.

I stick to the forecast I made on your program that the U.

S.

Recession will begin in mid 2020.

So that's not too far away.

And once that happens and we are about 6 to 8 months into that recession of 20 22,022 2021 that is when the bottom would be reached on the equity market, it would be a tremendous by after that.