Vermeulen: Market ‘Ready for a Dead Cat Bounce,’ S&P 500 Can Fall Another ‘37%’

Chris Vermeulen says the market is “ready for a dead cat bounce.” While he thinks the market can rise for a month or two, he says that ultimately it will remain a bear market. He thinks the S&P 500 can drop another “37%” and shows chart technicals to back his argument. “Almost everything goes down” in a bear market, he says, advising investors to stay on the sidelines until the market settles and they can buy at a discount.

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