Based on my Great Depression Research I think we get a market top +5% - +15% above May 2024. And crash to mean-reversion based on old 1993 - 2018 trading channels which parks us at a 200 weekly bottom of $16,000 on DJI.
I am short the market until we prove otherwise.
You could replace
NVDA
and "Magnificent 7" with
RCA
and US STEEL from 1929 and the news papers would read exactly the same. They still thought the economy was strong all the way until middle of 1930.
There's no way to tell when we are in a great depression bubble that is imploding. The only way to tell is to short the market and if you make money - then we got problems.
All my shorts from earlier in May are now max-profit. So I'm adding to shorts.
Also all you people who think you're going to be rich; no you're not. You don't know what you're doing. The fact there's so many of you "I'm going to be rich" suckers is why I am bearish. Enjoy your Dow $16,000 suckers.
I am short the market until we prove otherwise.
You could replace
NVDA
and "Magnificent 7" with
RCA
and US STEEL from 1929 and the news papers would read exactly the same. They still thought the economy was strong all the way until middle of 1930. There's no way to tell when we are in a great depression bubble that is imploding. The only way to tell is to short the market and if you make money - then we got problems.
All my shorts from earlier in May are now max-profit. So I'm adding to shorts.
Also all you people who think you're going to be rich; no you're not. You don't know what you're doing. The fact there's so many of you "I'm going to be rich" suckers is why I am bearish. Enjoy your Dow $16,000 suckers.