The world seems to be changing around us, and the US economy seems to be changing as well. Bond markets look like they're bottoming out, and showing signs of bullish behavior. Gold is doing the same. All indicators that the US market will fall as they are inversely correlated. The US has a lot of debt, and innovations to decentralize current processes are emerging such as bitcoin to disrupt what's currently in place (bitcoin looks like it will start its bull market again as well - despite the current drop).
In technical terms, the DJI has been on a parabolic rise. It looks like we've reached the top in terms of wave counting, and the retracement to the decades of growth is finally coming. I'm expecting within 4 years for the DJI to hit 9K, and within 10 years to be down to 4-5K.
I'm not sure what this means to the US economy and how it will impact people's lives, but the fall looks like it's real and will be coming soon. Be prepared, watch your 401K's, and look for opportunities amidst the changes.
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Big retracement on the Dow, but setting up for a good entry on the short.
If USA declares bankruptcy can all stocks go to 0 since they are traded against the dollar . I mean it look like a Ponzi scheme. If people held onto bitcoin etc do stocks actually have any value ?