with record levels of greed and optimism in a middle of a pandemic where half of the companies will face bankruptcies we keep ripping. the wool over investors eyes has blinded them to the fact that there is risk in the stock market. This is not a time to open aggressive long positions, but rather to collect profits from long positions.
some of the stuff i been hearing is, "new paradigm", "Modern Monetary Theory"....etc etc. these are things you start hearing at the top.
Fear and greed indicator is at 92. almost euphorically greedy
here are some turning time periods derived from time by degrees.
11/30 - 12/02
12/21 - 12/24
as for my thinking? im bearish for dec. no santa rally this year. nothing is certain however. i understand very well that bubbles exist for a lot longer than people anticipate and this can run dec too, but considering the price levels, time levels and risk and reward, my money will be on red.
this is my warning to be cautious. smart money unloads on good news. i know many think vaccine coming is great news, but that is exactly when smart money transfers shares into weak hands. smart money accumulates when it seems like the world is ending, and distributes when it looks like the golden age is here.
some of the stuff i been hearing is, "new paradigm", "Modern Monetary Theory"....etc etc. these are things you start hearing at the top.
Fear and greed indicator is at 92. almost euphorically greedy
here are some turning time periods derived from time by degrees.
11/30 - 12/02
12/21 - 12/24
as for my thinking? im bearish for dec. no santa rally this year. nothing is certain however. i understand very well that bubbles exist for a lot longer than people anticipate and this can run dec too, but considering the price levels, time levels and risk and reward, my money will be on red.
this is my warning to be cautious. smart money unloads on good news. i know many think vaccine coming is great news, but that is exactly when smart money transfers shares into weak hands. smart money accumulates when it seems like the world is ending, and distributes when it looks like the golden age is here.