Five stocks propelled this fake market via no interest share buybacks. FAANG,s were responsible for the inflated and distorted perceptions that all is fine to the masses. These gross buybacks will prove the lead weights that sink and drown that image of deception.
Amazon reports their first loss since 2015 as consumers spat the dummy on non essential goods as the inflationary bomb has detonated. Netflix report an exodus of subscribers by the millions...all pointing to a purchasing power collapse.
A controlled demolition of the world economy is taking place, all by design...supply constraints of technology, fertilizers, food and now the markets react proper to the obvious rot. The Fed must choose to reign in inflation via substantial rate rises or far more probable, a market fracture of high degree to disable the bulls psyche.
This bull market as we know is finished, David Hunter is still calling for a 40% meltup, just last week...delusion.
The point of recognition is about to enter the stage, a wave 3 of 3 down will trigger the tsunami of selling that finally gets attention. Bear markets are much the same as previous, bulls buy the dip just as the market roll over again, bears get crushed by shorting too late into a plunge....we sell the rallies to profit with lower risk.
30,000 is going to break, the intensity and reaction will dictate the severity...these times are unchartered territory. Never in history have we had so much leverage coupled with an agenda...a perfect storm.
Appreciate a thumbs up...Good Trading!
Amazon reports their first loss since 2015 as consumers spat the dummy on non essential goods as the inflationary bomb has detonated. Netflix report an exodus of subscribers by the millions...all pointing to a purchasing power collapse.
A controlled demolition of the world economy is taking place, all by design...supply constraints of technology, fertilizers, food and now the markets react proper to the obvious rot. The Fed must choose to reign in inflation via substantial rate rises or far more probable, a market fracture of high degree to disable the bulls psyche.
This bull market as we know is finished, David Hunter is still calling for a 40% meltup, just last week...delusion.
The point of recognition is about to enter the stage, a wave 3 of 3 down will trigger the tsunami of selling that finally gets attention. Bear markets are much the same as previous, bulls buy the dip just as the market roll over again, bears get crushed by shorting too late into a plunge....we sell the rallies to profit with lower risk.
30,000 is going to break, the intensity and reaction will dictate the severity...these times are unchartered territory. Never in history have we had so much leverage coupled with an agenda...a perfect storm.
Appreciate a thumbs up...Good Trading!