In case you wonder

where I got $SPX 2,200 = worse case number?

Among many other indicators &amp; metrics, below over-valued ratio indicator was one of the major factors:

With the Fed balance sheet, bazooka QE &amp; low rate,

fair valued ~= 120%

which is around $SPX 2200 on Mar 23🧐 https://t.co/UkvtOc1QyW