You are right about the direction 2 years from now is a bear market and RD should be in your area of prediction, last time RD was there was the during the last bear market bottom in March 2009. A normal average bull market was 5 years but because of the FEDs QE and the Japanese and the Chinese QE and now more QE in Europe will extend the bull market cycle to 8 years in 2017, RD should be $48 or lower by then when that happen. Nice call!
So far the market is Down 4.9% and they are (bloggers) expecting and additional 5% down ward. If it is the case, we really expect RDS.A rally to go beyond the 50 day moving average, if it did, it is going back down the the SP500. Just my 2 cents.
I guess they have less corrupt government than the U.S. Even china have become number one in economy, something like 17.8 trillion while the U.S. has 17.4 trillion (last year), so China have overtaken the U.S., thanks to made in china and the politicians that allowed the business to buy their vote, millionaire finance politicians campaign and collect IOU.