This is a perfect example of a bear market. In a bear market bullish news gets shrugged off and price still dumps. In a bull market bearish news get shrugged off and price still rips. Because price represents what actual buyers and sellers are doing now regardless of news or sentiment.
nostr:note1pg2yt23cl8e9glmx5pr3y0k3792laxwxpc0mfn6kls2j0r06esnsgj6ajc
Behind the scenes (macro-wise) this looks nothing like a bear market, tbh.
We will be surprised (downwards and upwards).
Don’t forget we’re deeper into the Fourth Turning now. Recall the 1920’s gold chart.
?w=841&dpr=2&fm=webp&q=30 The current ratio of 230% is approximately 76.62% (or about 2.4 standard deviations) above the historical trend line, suggesting that the stock market is Strongly Overvalued relative to GDP.
It can and it will get even more overvalued before it normalizes.
Not being contrarian just for the sake of being contrarian. I’m just pointing out what I’m seeing.
Bitcoin may still go lower ($69k is fully in play), but to be honest the likelihood of new ATHs next year is very high.
The business cycle this time is longer than it used to be.
Yea it definitely could go higher no doubt just seems like there are a few companies holding up the entire S&P and when those correct it will take the market with it. I think there will be a rotation from tech / high growth into value.
There’s no doubt plenty of heavy lifting from the bulls is required to kickstart things
Time will tell!
