March 2021 Prediction (S&P down 1800-1600)Bars copied from previous recession.
Average bear market = 36% drop in 11.7 months
Risk/Indicators
**Both Debt & Equity Bubble**
- interest rates are at historical lows
Debt
household debt
student debt
corporate debt
public debt
Equity
People are leveraging to invest in Tesla, with P/E estimate for 2020... 93.51!!!
S&P500:
1929 P/E = 21... depression
1973 P/E = 18... recession
2020 P/E = 20.4...?
global housing market bubble
Trigger
- Coronavirus kills boomers
- USA has only tested 12000 people total
- CDC underfunded
- Ppl cant go to work = less income
- companies make less money
- massive supply shock (chinese manufacturing) = higher prices
Result
- decreased business earnings & household income
- decreased consumer demand, decreased supply
altogether = decreased GDP
Depression
Stock market at critical level support, expecting a bounceStock market has fallen to a critical support line where we should see some type of bounce from here. However, at the 4 times this has held at support over the last 10 years, there was never a pandemic to trigger an even bigger sell off. I expect a sell off below here will be shocking and violent if it is to occur soon.
Perhaps, we can hold on here and bounce back, but this pandemic seems to be getting worse and oil prices have tumbled (as I have predicted $25 oil on twitter back in October 2019). The underlying factors behind this sell off indicate to me that a major crash which is much worse than what we have seen this past 3 weeks will come. I expect this 10 year trend to break sometime over the next few months and we shall officially declare this a recession. The world has many underlying issues and seems that now they will be forced to be addressed.
Sure if you are long on the stock market this is the ideal time to get in and this could be an absolute low, but perhaps the bleeding is barely beginning, depends on your perspective. Tread carefully my friends. I expect a relief rally up to 28-3k range, then a violent sell off will occur again.
Spy - 3 levels to amazing entryHello everyone, as we can see our last 2 major financial crysis were 3 and 2 years, and each of them we had a drop of around 50%. This virus started the crysis and even if people say that the virus is not as serious as the media makes it out to be, people's perception of the virus is that the virus is really serious, so this is why the panic could be hard to be stopped so easily. I would say that we have 3 key levels that we could buy or add to our positions, which I have listed on the chart. I am waiting for support 2 or 3, because I believe now is too early for making a higher high anytime soon, but this is just opinion, not a financial advice! Like and follow for more ideas!
Ladys and Gentlemen: The great FOMO depression of 2020-2022. Hi,
as i´m professional lazy i will not write too much,
The corona virus is a catalyst for the great FOMO depression of 2020-2022.
As you can see, we have the same pattern like the great depression at the beginning of the 19th. century.
Please also watch my Bitcoin Chart Version of "The great FOMO depression of 2020-2022"
Bitcoin and Cryptocurrencies will solve the liquidity crisis, bring new value into the world via smart contracts and a new decentralized financial system through Ethereum and other great blockchains...
The estimated high of BTC will correlate with the estimated low of the Dow Jones. So open up an international broker account and learn to pick the solid companies which will prosper.
The world will not end. The Dow Jones low of 2008 is not the end. It is a new start. A once in a lifetime opportunity.
I wish you all the best
DOW JONES New Top @ $27k. Jesse Livermore says SHORT IT. I think the general consensus is still to buy the dip. You will see 18K this year I do believe. We are way over due for a recession, quantitative easing wont save us forever. Our biggest trading partner is a ponzi scheme and sick with corona... but this is only speculation and by no means financial advice.
DJI Stock Market CrashThe Next Great Depression Coming Soon To A US Citizen Near You. The Stock Market is set to crash soon. These alltime highs can’t continue forever. Yes the federal reserve inflates the US dollar and as a result the market might seem to be up vs inflation. The key thing to consider is debt. Money is created by debt and soon maybe tomorrow expect a epic flash or long term depression.
A reminder to my bigger plan = The big shorter Hedgehog ;)So I wanted to remind you guys my bigger bearish picture which i was talking about since June when we reached 12k-14k....
Are we entering the final phase? 16/12/19 is very important date, this week/month should show us the direction BTC chose for the next few months:
- Either we test the weekly cloud and bounce up and start new trend line with higher highs and higher lows...
- Or we fail to bounce and crush below it to sum up my entire conclusion towards the last most important support at 5-5.5k (which is also above the weekly e200)
*** Dont forget that
* 16/12/17 BTC was at top: 19-20k
* and on the 16/12/18 BTC was at bottom: 3.1k
* This is why I think that 16/12/19 entire week should show us the next 4-6 months path.. (PS: Bloody Monday anyone xd)
- Halving: was already priced in at 14k
- Most people/communities/groups paid/free believe this is going to explode and bring the next bull run, but when most think X, usually Y happens, I go against all... and thus I think we will have a nice good falling months...
- Halving scarcity real impact happens after real smart money accumulated the fallen "dumb money", smart money will start the next bull run a few months after halving, this is also when the OSTs will start rising up and replace ICOs age, 90% of Crypto out there wont participate in them and will die out slowly and painfully, only rare few will rise together with BTC, so choose well which can benefit from OSTs.
* My only concern is the big depression and how will it effect Bitcoin?
- Will OSTs rush for the biggest and fastest dot com push before all collapses?
- Will OSTs have much less of an impact on Crypto, and institutions will prefer cash out?
- Will the big depression will have any impact on BTC at all?
* No one can be 100% sure, and those who tell you otherwise are lying to you, but I will recommend this:
- If we are going to see this month that we are going down? then accumulate anything you the lower we go the more you accumulate, but don't go all in in now way!!, accumulate every 250$ drop, I'm starting to look and change my bearish bias to bullish when we get to 5-5.5k, this is where I will start accumulating BTC big time, if we go lower then that? i will keep accumulating monthly, even if we get to 1-3k with big crushes due to the big depression i will keep accumulating, because I always believed that BTC has still the potential to get to 35-50k, and then 80-120k, and who knows, if its technology improved (as for now, last 2 years it was disappointment in fundamentals) then we can easily achieve mass adaption within 10 years and get to 1-10m$$$.....
- If we are going to see this month that we are going up? then I will start looking to change my bearish bias at 8-12k only if we create a 'fan' of higher and higher trend lines... (and some other confirmations that I'm looking to mark on my list)
The comm cycle (1970-2020) is over. Enjoy the populist cancer.It just keeps getting worse. I lost all hope. Now people actually believe CO2 is a dangerous poison. I hope they stop breathing soon. That would solve alot of issues.
The US and EU are going for extremes in particular the threat to our freedom far left has gained alot of traction.
People are getting more ignorant than during the dark middle ages. It really is getting worse and worse at an accelerated rate.
Bronze and silver strugglers have gotten VERY resentful of diamond and master players. "Oh my gawd you just ks noob I go afk".
People are like children, to understand how their (small) brains work, I recommend playing competitive team video games. Seriously.
People are getting more and more resentful. Just like we learned. I recommend re-watching Ray Dalio "How The Economic Machine Works by Ray Dalio" video. From 2013. Boy did that escalate quickly. 3 years later the american people voted for Trump. 6 years later 1/3 of the USA unironically support literal socialism. What will happen in 3 more years? Gas the jews? At that accelerated rate it is not crazy for me to make that call. It's so insane.
IQ levels are said to have dropped, I do not know if that is true, but what I know is Testosterone did. The United States is full of soyboys. Cowards.
I heard Dan Pena say that he asks his "pupils" what they would do if a man spat on their wives face and apparently most of them answered "I'd ask him if he had a bad day". Lol wft beat the guy to death lmao don't ask him if he had a bad day. In alot of places the wife herself would kill him.
Easy times make weak people. The west is really full of cowards I can speak from experience, it's depressing they just shut up and take the abuse.
They're very tough on the internet thought. And they have all these bullied losers that never stand up for themselves and end up coming to school with firearms.
The United States of America is the most inequal nation in the world that is not an African or South American country (most of which are socialists, nice equality commies, all super poor and also super unequal not sure how people can be that dumb to fall for this scam).
Seriously, even arab countries with 0% taxes have a lower GINI coefficient than the US.
Want to know a secret? When Germans & Italians arrived in the USA, they had very little political representation and they did great economically.
The Irish dominated the political scene and had all sorts of favors. And Irish people were POOR.
It's really risible. How about black folks? In the racist period of the - not sure when I'd say 50s to 70s - they had very little political representation and they were making the biggest gains in the country. In that period if I recall correctly more blacks were employed than whites. Then came all the populist demagogues (it got way worse recently) and their affirmative action and their priviledges and their wellfare. And now blacks are back at square poor. Well done.
Bush & Obama bail out banks, raise government spending, do wellfare nonsense, the Federal Reserve prints trillions and throw that money to the rich, that make TRILLIONS WITHOUT MOVING A FINGER.
No one bats an eye.
Rents go up. "OH MY GAWD CAPITALISM IS EVIL WE NEED A FAR LEFT TOTALITARIAN STATE AND 90% TAXES".
I'm done with the west anyway. I am out of here the moment things get bad. Hopefully they won't keep us in.
Hitler = Use force to move people out.
Stalin = Use force to keep people in.
I would rather see the far right deport me than far left force me to stay and work some dumb peasant job like I'm the equal of these jealous idiots that laughed at me my entire life - and were wrong - each time I said something intelligent their pea sized brains could not comprehend.
Silly USA, why do their politics have to spread to the world?
It's always the same people that go for populist demagogues:
- Struggling bottom feeders: "Sounds good on paper". They cannot think 1 step ahead. They misunderstand everything. Say something subtle and they'll look at you with big eyes.
- Nerdy bookworms: They had good grades all their lives, they worked like good obedient little nerds. They got plenty of diplomas. And they see people that dropped out, had C grades, make way more money than them. They actually think school is useful XD They actually think they deserve more, and they are butthurt about it.
The very inventors of democracy, thousands of years ago, since day 1 warned that we should not let any idiot vote. Only qualified voters should decide.
Anything is possible with every one, no matter how ignorant and stupid, having the right to vote. Voting for celebrities and "this guy has a nice personality"... How ridiculous...
Expect the worse. I think I am done with the west anyway. Going to collapse from the inside like the Roman Empire did.
There will be a giant depression and maybe WW3. All because some ignorant brainlets refused to let the stock market crash and wanted to pump it in 2009 & 2016.
Bulls are really the biggest morons. "Go up good. Bears bad."
There will not be a new Kondratiev cycle. The west will fall into deep ignorance and negative growth, for decades. It's over.
Progress has been going parabolic. Time for a crash anyway. Born too late to explore the planet, born too early to explore the galaxy.
Born right in time to witness the great collapse, the 750 genders, the masses calling CO2 a danger to life on earth, and jealous heinous ungratefull plebes shoot themselves in the leg. Soon earth will be flat and "the globe" will be a racist social construct, unsalted H20 (the other element essential to life) will be a life threatening chemical to be destroyed, mathematics and astrophysics will be banned, meteorologists will get executed, all books from before 2020 will be burned (Sweden already started this), history will be rewritten, and so on...
I just want to build a spaceship and start an utopia on mars. Only the strong and smart are accepted. We will call ourselves Spartans, and all weak or small brain babies will be killed, just like the Spartans of Greece did. And we will have huge egos and fight wars 300 versus 50,000.
something like thisI want to buy with the banks at $12. might take 6 years to get there though. looks like we are going into another Great Depression. makes sense as the previous depression started with a trade war as well.
damn totally sucks for people on the planet who are going to get absolutely screwed by this.
Prolonged - Drawn Out Bear MarketBlackrock stock looks a lot like bitcoin in 2018 when it made its first dead cat bounce in the beginning of the bear market after its parabolic euphoric rise in late 2017. Everything here looks terrible and I think we make a prolonged correction with a strong bottom in a few years. Could be a good investment at that time.
Its time for the next GREAT DEPRESSION and the end of BANKSTERS.this is not an analysis based on fancy indicators or crazy theory, this is common sense, simple view of the inevitable coming catastrophe...
Here we can see the SP 500 chart for the last 2 decades and the last 2 recessions, here we can appreciate the last economic growth witch every one known is artificial growth made by central banks, BANKSTERS and quantitative easing by the FED and all the modern gangsters involved on this crime approved by the government of the United States.
We all know how this is going to end, and is not going to be well, now the question is when.
I personally believe we are at the beginning of the collapse, we are already cutting the interest rate not only in US but almost everywhere, the economy worldwide is declining rapidly to a point the when the common people realize is going to be too late to protect their self from what is coming..
what I don understand is how there is people that still believe in eternal growth with a system that is broken?? again common sense!
ok here is what i see what is going to happen in the next coming years, don't take this as an advice but as a warning, get safe there is different ways like bitcoin and gold, make your own research.
if you like this, please hit the like button and share this information thanks for stopping by.
I would like to copyright this formationThis is not in nay book afaik. So I am claming it for myself.
I would like for it to be called "Bitcoin is a ponzi" top, or you can call it "Bitcoin hater pattern" if you prefer. Interchangeably.
On the higher top the price has to go back to the rectangle area for it to be valid otherwise it's just a correction followed by continuation higher.
Winrate is pretty good. But on the other side of the ring is the plunge protection team, making the rich richer, buying time and convincing people the economy is doing great.
Since people attribute the economy to the government...
The great depression of the 2020s gonna be lit.
I am trying to sum up all that is waiting for us that is "unforeseen" by the sheeple:
Rise of socialism & facism.
US civil war
India-pakistan war
Europe & japan aging population & migrants issues
Euro ww 3 maybe
China (civil) wars
Dying vultures (plagues propagation)
SA NAZI
Polluted water
Not enough water for everyone
Running out of phosphate fertilisers
Loss of Arable land
Food chain gets broken with global warming etc
People angrier with heat waves
IQs keep falling
The US keep declining and cannot protect surrounded Israel anymore
The Samson Option
Big antisemitism with all the protection the jews have (can't criticize them), all the pedos, the rich & powerful
Africa population triples and they keep killing each other but they get bigger weapons eventually maybe nukes
Genocide in south africa (migrants / whites / blacks other than bantu)
Sweden just explodes and implodes
Russia takes over europe while the US are busy, as their demographics get worse, they get desperate
China attacks Japan
China takes over the philipines
South America just going to get worse and explode
Welcome to the great depression of the 2020s. It is starting.Summer is over, childrens are forced back to school, and policy makers and money movers are back.
Going to try going to the point here. And just going to look at the west (NA & Central + North + West europe) and south east asia. Africa is pointless, and then I do not want to look at every country russia north africa australia etc there is too much to look at there's probably some interesting places and companies (or will be spread a little every where). South America is probably rip also.
There are alot of things so I'll use bullet points. I will try listing most of the major facts.
> Long Term
+ IQs in the west have dropped around 15 points since the 19th century. Which is huge. An average person today would be mentally retarded back in 1870. In particular the drop has accelerated since 1975. The smartest people on the planet now are in SEA, by a small lead, not enough to go all in invest there.
+ Huge waves of migrants in the west never seen in history.
+ Aging population in the West and Japan.
+ Biggest debt ever (and lowest rates, even negative), everywhere almost.
+ Due to low IQs and tech advances, people have a harder time adapting. People are getting dumber while jobs are requiring more intellect...
+ End of the communication Kondriatev Cycle.
+ Crowded planet, Polluted planet, Ressource Exhausted planet.
+ Possible end of an ERA started in the west with first renaissance (including finance) in north italy, then conquest of the world/new world, tech advances, industrial revolutions, and in this 3rd millenia first few years it went absolutely parabolic, adoption curves are vertical, and everyone thinks it won't ever end (LOL!).
Looking VERY similar to Rome. Actually the exact same. Same inflation, same migrant waves, etc.
+ Very low Testosterone levels in the west also. No babies. Priorities changed. Paradigm shift. Check the new field called biohistory.
+ Central banks have gotten too much power, and their monetary policies make no sense.
+ World trying to "cheat" and fast forward the economy, and over consumption of every thing. Just an idiotic mentality.
> Medium Term
+ Debt not planned on getting better. Here is the ridiculous CONGRESS OF THE UNITED STATES 2019 Long-Term Budget Outlook: www.cbo.gov
+ As suprising as something that unbelievably dumb is, "people" (disgraceful sub-humans) praise governments that were running during great economic times, and blame those that were around during recessions or depressions. It's so stupid it hurts, it even hurts to have to lower myself to acknowledge this, but things are as they are and what unbelievably stupid sub humans think (if we can call it thinking) has consequences. And the consequence is governments want to postpone recessions and pump the economy up... Plunge protection team is really ridiculous (USA Europe China all have theirs)...
+ The 90% are getting poorer, the income and wealth gaps are as big or bigger than in 1929.
+ Of course socialism and facism are getting cool again. Especially socialism. Inequality + much stupider simian beasts...
+ Price to Earnings at 1929 levels, highest they ever got (apart from 2000 but those were all growth stocks)
+ Price to GDP (buffet indicator) at highest level...
+ Bond rates are so dumb.
+ Social justice insanity, it doesn't even make sense most of the time.
+ Magic Internet Money ponzi schemes symptom of the problem(s) and absolutely ridiculous.
> Short term
+ Hong Kong exploded.
+ Sweden (swedistan they say) going kaboom.
+ LA.... is full of drug addicts, crime everywhere (criminals get super light sentences), homeless everywhere, ultra high inequality, they have medieval diseases that even india does not have, it's a complete dump full of typhus carrying rats, and trash, I could go on. Complete dump. Ridiculous.
+ Political divide in the US is so high now... 1/3 of casual citizens and 2/3 experts think a civil war is imminent.
+ etc...
+ And this:
Q4 is the best period for trading, I will make a separate idea for this, during this week.
And September-October is usually the period when the stock market falls.
Here are a few examples:
Black Monday 1987 ==> Oct. 19, 1987
"Black" days before the 20th century ==> Sep/Oct also...
I think I made an idea on this a while ago... Not going to look for it.
Big crashes and bad things happen in this period very often take my word for it. (This should be known).
> Prediction for the next 5 years
* Q1 2018 to mid 2019 was a period of uncertainty (well not if you have been following me, I have been very certain of what was going on). September or October will mark the start of the great depression of the 2020s.
Do not expect CNBC to talk about this, or maybe they'll have some guests they consider excentric that claim this, but the "pros" will only be aware the depression started somewhere in 2020 or even 2021, and the mainstream even later than that. In 50 years of course we will trace back the beginning to the next days...
* The indices are just numbers. The master manipulators probably do their best to "keep numbers up" but it will all go down any way. For example if the indices numbers are up DOUBLE but inflation is 500%, they are not really up.
They probably just try their hardest to keep numbers up for the sake of having numbers up. But everything collapses regardless. I would not go short with so much really stupid manipulation. Indices fall, Trump gives a call to the central bank and banks "to talk about something else pinky swear" and then numbers go up the next day...
Can go down regardless. If the clowns running the show force the numbers to go up they will just keep making things much worse. I am talking about destroying the United States of America in a record short time.
But still... I don't see a short... Numbers can be artificially proped up while real things get worse. I only do short term anyway (1 day to 5 weeks). So it's out of my field of expertise anyway... Just too much manipulation and random factors for me. I think in longer terms only buy and hold or get out and wait for a turn is the way to go, speculating in particular short is better shorter term not that interesting long term. Just my opinion.
* Currencies I expect to become much more volatile soon. Yay! Dollar probably won't be a safe haven this time. It is already overpriced since Europe and China have been devaluing their currencies to the limit.
* Cryptocurrencies will be a big hedge against the depression. Nah I'm just kidding they are going to zero of course. Not going to go into details check my crypto ideas + common sense.
* I am not sure about commodities. Gold and Silver go up, Oil down maybe? Agri will be more volatile. Copper down, less is being done, less demand...
About income inequalityAh, the great nations of Ethiopia and Afghanistan.
Since very low income inequality is, according the far left, the absolute peak of human development, then we can all agree that Kazakhstan, Ethiopia, Afghanistan are among the most prosperous nations of the planet, absolute powerhouses!
Every single country that tried "equality" has failed utterly. The ones that lasted longest were those with fossil fuels, and the ones that today can make it work are countries with fossil fuels (Norway...).
Sweden is not a complete failed state, this is the socialists of america main point. They have only been socialists for 10 years LOL.
Sweden is not a complete failed state YET. They have already began to decline and they barely just started with socialism...
On the other side, things are not better. The most inequal countries are in latin america and sub equatorial africa. (en.wikipedia.org www.indexmundi.com)
Here is the top 10:
You may be aware of the growing popularity of the far right in South Africa (that openly talked of killing all whites).
Who are these top 10% in most of those countries? Well that's easy. The ruling class and the ones holding the guns.
As long as the military are well armed and well paid, the rulers can keep taking everything for themselves...
Great places. But they are idiots. They keep 99% of the pie. But the pie is tiny. Not worth it.
The USA, with their current culture of overpaying CEOs, giving them golden parachutes, paying the shareholders and ignoring the workers, short term profit more more moar, are drifting towards that extreme inequality... Long term is NOT bullish.
The answer of the people of America was voting for Trump in 2016, and nearly having Bernie Sanders run for president on the left (Hilary barely beat him ~55% to ~45%). And things have gotten way worse. And until the USA goes back closer to the center things will just keep getting worse.
The right is blaming foreign nations & illegal migrants, the left is blaming straight white men. Both are (obviously) wrong and stupid. Apes.
Sweden, or some call it Swedistan, are the generational short at the moment, until something changes... I think the far right is on the rise there, maybe they jump to the other extreme. But I doubt it. Long term outlook is "it's going to ZERO", keep an eye on politics there. A change of mentality can change things very rapidely. When Germany went full fascist in the 1930s their currency and economy recovered faster than you could say "why is the margin clerk calling me".
Of course we all know what happened after that initial short term relief euphoria.
Turkey is in a downtrend and have high inequality but I am not sure about the situation there. I want to see what happens after Erdogan.
Maybe same as Venezuela after Chavez? XD RIP.
It seems logical to me that the perfect situation is in the center, but even if this is not obvious enough, history has shown that this was the most prosperous environment.
Economists agree that inequality is good, and necessary. Anyway, how is the guy that puts groceries in bags getting rewarded the same as Henry Ford fair? Lmao.
It does not matter if you agree or disagree with politics, really hate the far right NAZI and do not want their economy to go well (short term).
If you ignore facts and numbers the margin clerk will call you regardless of your views ;)
The 10% have never owned a bigger piece of the USA pie."Let's Bail out the banks that gambled"
- Federal Reserve, 2008
"Ok"
- George W. Bush, 2008
"Let's send everyone to uni and push them into debt for the rest of their lives"
- Idiots
I mainly used the fed for my sources. I also used the site statista.
The internet is so useless it is all mixed up and often contradictory, so I just stick to those...
They don't say everything thought... Anoying.
I wish I was running my own fund and had people doing this for me :D
If I ever do I won't post on tv for free I guess.
Numbers for 2018 & 2019 are not out but I bet how much wealth the top 1% have got to 40%!
It was over 38% in 2016.
The rich (10%) got richer in the past decades but... The 90% did not! They even got poorer!
I am not here to bring solutions or explain why we got there.
What I am here to do is speculate on wether or not this will explode (yes duh), when (who knows, maybe soon), how big the fireworks will be (huge), and when to buy (later) - if ever. I sure do not think it is a good idea to invest now...
And I do not want to make a super long post also.
The GINI index is not as high, but I am not sure if this is accurate and how it should be interpreted.
No wonder:
- Socialists in America are back to 1940 levels
- Gambling on cryptocurrencies became so popular (21% of students used their "no question asked" loans for this...)
- White nationalism on the rise too, but not as big and dangerous as stated by the biased mass media (+there is a demographic change scaring them)
- So much divide tension violence (lethal and non lethal)
Can't predict the future. Civil war? United states separated in 2, 3, 4, 5 countries/unions? Recovery? Fall just like the soviet union? I think there will probably be a big depression. But other than that we'll have to wait and see what happens on an investing perspective. Meanwhile central banks forcing people to invest... When everything is in a bubble. They're just so cancer. If their heads end up on spikes I'll laugh, their own faults.
The crazy part is not the wealth gap, it's that the 90% did not get more income or wealth in the past 35 years! It actually went down! They are even in debt now, living paycheck to paycheck. Not just the poorest 30% are living paycheck to paycheck, even the middle class if we can still call it that.
If the clowns running the show lower rates or do whatever to give us more inflation (without wages increases of course) more bubble more inequality more cancer it will end very very badly. Are they that stupid? This HAS to be a conspiracy! These clowns want to create a nuclear war before their death? They're all like 75, wouldn't surprise me.
Going to quote someone from Twitter:
"Recessions clear out leverage and put inefficient companies out of business, making room for new, more efficient companies (often started by young people) to enter the market. Recessions are vital to long term healthy economy. If you try to prevent recessions you get a depression."
So anyway, clearly, as I said since I started posting on this site full of crypto clowns & trolls, populism did go up, things did get worse. We are so not in 2008 or 1987, this is a clear 1930s all over again. Probably worse.
So we need a great reset now... And the old people that caused all of this will be gone, how great.
People are left with their backs against the wall and with nothing to lose at that point.
Well, we will see. Even with negative rates I think now is no time to invest, and "buying the dip" won't be either. Dow could go lower than 10,000 points.
We won't see 30k for more than a quarter of a century (unless we see it soon & before the depression collapse duh).
Prices will get very cheap. No need to try catching the bottom, might as well make sure things are looking good.
There will be bounces, people are going to regret "missing the bottom", there will be calls that the worse is behind us, but the ones buying these "bottoms" will get burned several time until the real one. The most successful investors in the world have understood early that there is no point chasing the bottom (talking about investing, not short term speculating that is different), they rely instead on other indicators (the price compared to value of a business as well as projected value & earnings, dividends paid, potential, risk, global economic & politic outlook, and other things but same idea as what I list here like for example management is important but just because of risk - a dishonest greedy CEO is bad - and projected value/earnings/dividends).
In the 60s 70s 80s not sure exactly when but most of that time the economy was crazy good, returns were high, even for leaving money in the bank, dividends were huge, and all this while the middle class was at its best (of course just as in everything there are limits it would not be good if they had like everything).
Back in the late 80s when Warren Buffet bought a part of coca-cola they were paying dividends of nearly 15%, 4 times a year. You got your money back in less than 2 years even if the share price went to zero, as long as the company did not stop making money. That's crazy!
A strong economy relies on a strong middle class, not a starving indebted one. That's when you invest greedily.