Great work man, only thing wrong with the bear case all along was that a lot of us thought we'd break down before hitting the top of the megaphone again and in retrospect did underestimate the power of the FED.
Now lets see if this is a crazy stretched dead cat bounce or if it bottoms out on Election Day and starts climbing again :). Maybe both haha.
kaxo1
⋅
@ProfitHarvest definitely underestimated the Fed-induced euphoria ;) , but I guess it still takes longer for ideas and fads to permeate through the public and especially to the older generation, but I expect that it finally hit the Facebook boomers by late August.
Stocks are just speculation tho and will revert to reality in due time, and it’ll be glorious. Just look at the trajectory of price action in every market and you’ll see a distinct change in momentum in June and August, and now a downturn in Sept/Oct, which just shows how key players in the global markets stopped buying the V-shaped scenario very early after reopening (bad news) and have since gone from “well at least it’s a recover” to “yep, just another ‘08, big fat L”, and the Fed is sweating bullets hoping this turn into a double dip recession, which in my opinion is unavoidable at this point.
We’re at 2010/2011 and 2017/2018 with inflation hysteria, but this time almost nothing to show for it despite JPow “flooding the world with dollars”. The sneaky Chinese can’t buy themselves enough time here with their currency manipulation just like they couldn’t in 2017, and it’s only going to explode in their face again and show the world that nothing ever got fixed, the monetary system is broken no matter what charade the Central Banks do (it’s the same charade as always but packaged differently). We still live in a Eurodollar-ruled world and are at its mercy.
On fire predicting peaks! 👏👏👏 let's see how e-day plays in the game. Never forgeting my pretty accurate buy point on october 7th... which I missed to trade 🤦🤦🤦 David R
Now lets see if this is a crazy stretched dead cat bounce or if it bottoms out on Election Day and starts climbing again :). Maybe both haha.