Another Karl Denninger Blog Repost
I swear I do have original thoughts of my own... just nothing coming to me at the moment. ;)
Anyway, click through to the post to get the chart and full content. I'll just give you the first few lines:
"For the math-challenged, for the last four weeks the losses [in the S&P] have been 48, 50, 37 and 48 points, respectively, or an average of 45.75 points per week.
The President is about half way through his first 100 days. Assuming this rate of decline continues for the next 50 days, or approximately seven weeks, we would see another 320 points come off the index, placing us well within the "three handle", or 3xx, on the SPX.
We're off to a nice start on putting in another 40+ point loss this week, having lost nearly 10 of those points already, and the market is several hours from opening!"