Secular bear markets go thru Phases and we had our Bull market run from Sep22 to Jan. Now the Bleak earnings has started the Bear market phase again. GLW with earnings continuing to come in weak and looking worse and worse will start the next leg downward. At 8+ a share corning still has Excess. This cycle of the Bear market will ring that fat in the stock real quick and Longs will lose over 50% from here. Fair value is $3.
Bear Markets are brutal and this one has started its next leg down.