Dear readers, investors, chartists
The chart speaks more than thousand words. This is a follow-up of my "Middleclass wipeout chart" with the DJI expectation to peak at 30.5k - this prediction was made in 2018. (it peaked at 29.7) I do not feel the urge to draw wave patterns how this correction will occur, however here is the general idea.
I do not like what is about to happen, there are plenty of profits to be made; but the vast majority including households, insurance funds and many other companies and individuals will fall. Those who have saved for their pensions will get REKT through greed of the governments/insurance funds. Not only this, our entire system is built on debt and we will face the consequences of this.
Please, do not cheer, if your profits exceed your expectations by playing smart. Once again, many will suffer from this crisis and I really hope I am wrong (but I am not).
Hold on tight, it is going to be a wild ride. The middle class wipeout is bound to happen.
Be safe,
Gabriel Molenkamp
The chart speaks more than thousand words. This is a follow-up of my "Middleclass wipeout chart" with the DJI expectation to peak at 30.5k - this prediction was made in 2018. (it peaked at 29.7) I do not feel the urge to draw wave patterns how this correction will occur, however here is the general idea.
I do not like what is about to happen, there are plenty of profits to be made; but the vast majority including households, insurance funds and many other companies and individuals will fall. Those who have saved for their pensions will get REKT through greed of the governments/insurance funds. Not only this, our entire system is built on debt and we will face the consequences of this.
Please, do not cheer, if your profits exceed your expectations by playing smart. Once again, many will suffer from this crisis and I really hope I am wrong (but I am not).
Hold on tight, it is going to be a wild ride. The middle class wipeout is bound to happen.
Be safe,
Gabriel Molenkamp
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