Another Perspective: "a great place to exit"
Updated
Not financial advise, and anything could happen, but there is historically an 80% probability that this breaks down.
The US Government and the Federal reserve have made some grave errors. Same mistakes over and over.
This one looks real to me. Not a correction. Not a dip to buy. It's a maelstorm from hell.
In real dollar terms, we touched 2021 highs here and rejected.
Because people are slow to respond, it will be a very slow motion event I suspect.
At this point, we have a setup likely to dip. You can check out here, let it drop, and buy back in if your greedy fingers want more more more. But if you're looking for safety, I think we are likely on the brink of something seriously salty. If there is a catalyst - a geopolitical event, or bank failures... If consumer confidence in the financial system is poisoned. Maybe by bots running in china suggesting people take their money out of the bank, then the world will go to shit. If the top in 2021 invoked terror in you, then you see it here in 2024. Divide the market by uscpi - it's a double top in real dollars. US gov't is going to spend today and take it from all of us tomorrow in inflation.
"The things that surprised me the most were the things that had not happened in my lifetime."
I don't know what happens next, but I'm very sure that things are gonna get weird.
The US Government and the Federal reserve have made some grave errors. Same mistakes over and over.
This one looks real to me. Not a correction. Not a dip to buy. It's a maelstorm from hell.
In real dollar terms, we touched 2021 highs here and rejected.
Because people are slow to respond, it will be a very slow motion event I suspect.
At this point, we have a setup likely to dip. You can check out here, let it drop, and buy back in if your greedy fingers want more more more. But if you're looking for safety, I think we are likely on the brink of something seriously salty. If there is a catalyst - a geopolitical event, or bank failures... If consumer confidence in the financial system is poisoned. Maybe by bots running in china suggesting people take their money out of the bank, then the world will go to shit. If the top in 2021 invoked terror in you, then you see it here in 2024. Divide the market by uscpi - it's a double top in real dollars. US gov't is going to spend today and take it from all of us tomorrow in inflation.
"The things that surprised me the most were the things that had not happened in my lifetime."
I don't know what happens next, but I'm very sure that things are gonna get weird.
Note
Anything can happen. Trump could come and set interest rates at japan levels, like -0.25% interest. That would do it. If trump is elected the indices will moon. I doubt it tho.
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