The question is who is going to take SPY to 350 when companies are no longer buying back their stocks. They don’t have cash and can’t use repos for that. The whole concept of buybacks just went away.
Those are pesky details to the bagholders. This decline has been so razor sharp without any of the typical BTFD hijinks that the wind at your back crowd comes up with even more outlandish upside projections every 5% lower.
Let's see. SPY 350 by end of April...57% rally in a month! Woo hoo, I hope I get a pair of clown shoes with that one.