Last night (12/10/21) CPI data came out reporting a 6.8% increase. This is exactly what I had predicted as I've mentioned multiple times prior on other platforms. However, I am here to say that it is FAKE! In a couple of months the true CPI data of today will "unexpectly" show up. Markets will freak out and you will end up becoming a bag holder like 90% of retail does every recession.
There is a reason why the ultra-wealthy are now monstly risk-off. For an example,
Elon Musk, just a little over a year ago had said that he would never sell a single share of $TSLA, but in this past month he sold 10% of his entire equity in $TSLA
Warren Buffet is now holding a record $128 Billion in cash
Chamath pulled the rug on $SPCE, despite his insane shilling in prior months to years.
The list goes on and on.. But you get the point.
It is time to at the very least hedge your life savings you put into $SHIB and start re-allocating your assets.
I am currently 10% short and 90% cash (previously 90% short from 20x shorting $BTC at the top at $69k and have since taken most profits/ de-risking myself - despite the likelyhood of a potrential crash/depression which I am personally expecting to occur).
I don't have crystal ball nor am I saying this is a certainty. Actually no I take that back... This IS a certainty. May not happen tomorrow, next week, or even a couple months, but it will happen and you want to be ready when it does.
Be prepared folks.
Best of luck,
Matt Park
This post is not financial advice and is simply me putting out my opnions on the current state of the market. More details in regards to my opnions of the market is to come soon so stay tuned!
There is a reason why the ultra-wealthy are now monstly risk-off. For an example,
Elon Musk, just a little over a year ago had said that he would never sell a single share of $TSLA, but in this past month he sold 10% of his entire equity in $TSLA
Warren Buffet is now holding a record $128 Billion in cash
Chamath pulled the rug on $SPCE, despite his insane shilling in prior months to years.
The list goes on and on.. But you get the point.
It is time to at the very least hedge your life savings you put into $SHIB and start re-allocating your assets.
I am currently 10% short and 90% cash (previously 90% short from 20x shorting $BTC at the top at $69k and have since taken most profits/ de-risking myself - despite the likelyhood of a potrential crash/depression which I am personally expecting to occur).
I don't have crystal ball nor am I saying this is a certainty. Actually no I take that back... This IS a certainty. May not happen tomorrow, next week, or even a couple months, but it will happen and you want to be ready when it does.
Be prepared folks.
Best of luck,
Matt Park
This post is not financial advice and is simply me putting out my opnions on the current state of the market. More details in regards to my opnions of the market is to come soon so stay tuned!