Dow plummets 1000 points into correction territory, S&P 500 drops 3.7% to new low for week

[bucolic_frolic]

17. It's 1983 or 1987 all over again

when the Fed raised interest rates.

I follow this indicator: http://www.wwfn.com/crashupdate.html

Though can't vouch for its accuracy. Kind of after the fact at times.

I'd bet we're a cinch to see 21,000 or thereabouts

Perhaps 18,900

And in a real governmentally bungled response, who knows what that means in today's world, more is possible

My guess ... due to the rampant upside we've had, the interest rate hikes, the inflation and perhaps stagflation implied

16,783 but that really would require something geopolitical ... Korean strife, Olympic difficulties, oil supply problems, Middle East turmoil, for example.

Don't listen to me. If you knew how bad I am at this you'd fire me!