S&P 500 Going to 1500

The European Stoxx 600 trades below the 2008 top. In U.S. dollar terms, it trades where it was in September 2008. FEZ is the ETF that tracks this index.

Will the USA escape the fate of Japan and Europe? Both have seen stocks trade lower over long periods. Although not on this chart, the Stoxx 600 is below the 2000 peak. If the USA follows, it points to the 1500 level on the S&P 500 Index.