Sell SPY by Jan 21, 2028.

Built a systematic framework to assess correction probability. Posting for accountability and feedback. **Core Thesis** 60 to 65% probability of 20 to 35% correction in 2026, highest risk Q2. **Key Indicators** \- CAPE: 40.80 (second highest in 155 years) \- CRE maturity wall: $2.9T through 2027 \- Office CMBS delinquency: 11.31% (exceeds 2008) \- ON RRP: Depleted from $2.5T to \~zero \- Regional bank CRE concentration: 312% Tier 1 vs 300% guidance \- Berkshire cash: $400B+ record, 12 quarters net …