We're in for another correction scare. People will overreact to the sell-off / support break like they always do and claim the worst is imminent. Strong hands will win again. BTFD.
I didn't even know there was a word called "stonk" until I looked it up. I'll have to use it the next time I play scrabble. :-)
Definition of stonk
: a heavy concentration of artillery fire
The green arrow can also keep going down if the market rolls over (weekly chart). The housing market will face a 40% price drop by the end of the year because of the high unemployment and the high mortgage delinquency rate. This is what started the 2008 collapse. Anyone who thinks this time will be different hasn't learned from the last crash. Long term we are headed for a major correction. Too many bubbles are bursting. We will be under multiple stonks from all directions by the end of the year.
Definition of stonk
: a heavy concentration of artillery fire
The green arrow can also keep going down if the market rolls over (weekly chart). The housing market will face a 40% price drop by the end of the year because of the high unemployment and the high mortgage delinquency rate. This is what started the 2008 collapse. Anyone who thinks this time will be different hasn't learned from the last crash. Long term we are headed for a major correction. Too many bubbles are bursting. We will be under multiple stonks from all directions by the end of the year.