Looks like we are in the end of an extended wave 5.
Looking for a market top coming in the next year or so.
Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are overleveraged.
*Notice how in the 70's when Nixon took the USD off the gold standard, the market began it's extended 5th wave. If he hadn't have done that, the market most likely would have had a normal 5th wave comparable to where our current subwave 1 of 5 ended around 1987. So in that reality the 80's would have marked the end of the cycle. We would have gone through another depression and then started a new cycle with the internet boom, but nope.
Honestly China might take over because they'll be able to fund larger deficits and sell their bonds to take over blockchain, while we're paying off all of our ancestors debts!
Building up positions in the VIX.
If this is the top of the top though....WTF do we do...?
People say gold and silver. We also have crypto and defi now so that's good. Maybe other countries or emerging markets?
The U.S. dollar cracking is gonna be part of this so sitting in dollars isn't really an option this time!
Looking for a market top coming in the next year or so.
Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are overleveraged.
*Notice how in the 70's when Nixon took the USD off the gold standard, the market began it's extended 5th wave. If he hadn't have done that, the market most likely would have had a normal 5th wave comparable to where our current subwave 1 of 5 ended around 1987. So in that reality the 80's would have marked the end of the cycle. We would have gone through another depression and then started a new cycle with the internet boom, but nope.
Honestly China might take over because they'll be able to fund larger deficits and sell their bonds to take over blockchain, while we're paying off all of our ancestors debts!
Building up positions in the VIX.
If this is the top of the top though....WTF do we do...?
People say gold and silver. We also have crypto and defi now so that's good. Maybe other countries or emerging markets?
The U.S. dollar cracking is gonna be part of this so sitting in dollars isn't really an option this time!