Goodgoy

This looks like the top

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Money printer cant stay on for much longer and hyperinflation is coming

Comments

New ATH on the way.
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Goodgoy frodo75
@frodo75, sure if we print more money
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I could see a pullback in the later half of 2021, but nothing crazy like a crash the next 1.5 - 3 years.
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@Jafa-, that's usually what causes the crash - you don't see it coming and get caught fully exposed. GL, I'll stick with my spxu and sqqq for now.
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Jafa- stonkasaurusrex
@stonkasaurusrex, Haha, I like how there's all these 'experts' calling out a crash. This makes me more confident there isn't a crash coming. You'll be saying the same stuff for the next year, GL.
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@Jafa-, *rolls eyes* yeah and there aren't 1000x more permabull experts including every retail trader and their mother calling for sp500 to hit 5000, or even better, to go to the moon! Take a look at the 15 year sp500 chart (you will notice the 2008 crash looks like a blip), and then take a look at what's happened to Japan's markets for the past 30 years after they went through exactly what we're experiencing now. I believe their markets just hit what they were 30 years ago a few months back? I'm happy to miss out on 10% gains to save 50%+++ losses. The conditions that have brought us to this point are terminal and you're seeing the fed try its best to keep us on life support through the most extreme measures it's ever taken. You're also seeing rampant speculation and greed everywhere. If this type of parabolic upward movement were sustainable, the tech bubble of 2001 (which again, took about 10 years to recovery off those highs once it crashed) would have just kept going. But sure, I'd love to hear your arguments on why the P/E ratios for the past 40 years that are now blown out of the water by every metric are somehow now more accurate or sustainable. SMH...
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Jafa- stonkasaurusrex
@stonkasaurusrex, I agree with a lot of that, but none of that dictates whether a crash will happen, it only says it should happen. I think there should be a crash, but that doesn't mean I think there will be one. We live in a manipulated economy/market. In this artificial system with the central banks in the background running the show, they dictate when the 'crash' will happen. From a political and socio-economic perspective, this 'crash' won't be as soon as you think, even if it should be...
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@Jafa-, all very true and good counterpoints!
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- Wrong on hyperinflation
- Wrong on understanding how QE actually works
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Goodgoy T-r-X
@T-r-X, you deny that hyperinflation is coming?
+1 Reply
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