Plan B would have been right if not for all the leverage and contagion. Without all the fraud. It was still a good way to visualize the monetary policy. He will be forgiven this cycle
Discussion
He’s on a very short list that had the foresight and experience to cut thru the noise and deliver the signal . The orange pillers that dunked on him the last two years will have to eat their words
I was just thinking this.
Looking at the chart of the last bull run compared to the previous, you have to ask “what happened to the blow off top?”
The answer seemed to be at the time “the market is maturing” but I think you’re right, the real answer is “Wall Street was behind the curtain playing absolute hardball to suppress the price to secure their bags”
This next cycle might feel like two at once because the beach ball is going to be released on Wednesday