[quote=LA_Renter]
I watched Louise early in the year on CNBC and she made a convincing case for a major worldwide market downturn from a technical perspective and was dead on. In all honesty I hope she is wrong here. Basically she is saying next support levels are S&P 600 if that doesn’t hold we could see 400. Everything….EVERYTHING….is falling right now. [/quote]
S&P 600 and especially 400 is unlikely. Most blue chips are already trading at single-digit P/E.
