NDX and SPX indexes are extremely overbought. Stock prices are rising much more than general economic growth. Especially this year this has become extreme. Because of the Corona virus many businesses are shut down. Unemployment rates are sky rocketing. Tourism and aviation sectors are practically dead. But stock prices are still rising. We have seen the same at 1999-2000 (dot-com bubble). If you look at the chart you can see the same overbought situation before the 2001 crisis. I am expecting a similar or even worse global economic crisis like 2001. I highly recommend not to invest in stock markets. If you are holding stocks you better sell them now. Bitcoin and physical gold will be the winners at the crisis.
Agreed, we are in a multi tier bubble if you really think about it. Corporate Debt is insane, Economic growth is dead, dollar will crash soon after markets crash... FED will continue to pump again before the Election, and another round of stimulus my assumption. NASDAQ may shoot over all time highs for a brief moment, then thats when panic selling starts... no one can honestly say they are buying stocks with a 2-5 year outlook right now... once liquidity becomes an issue its over... #DumpSeason When market bottoms, will be buying 50% AGQ, 25% UGL, 25% BTC, and also buy some index ETFs to ride the FED pump wave.