As long I hear "buy the dip", and see people posting incredible returns in last years, we are not done. Mr. Market will teach a lesson those people too, not only those too late to the party (like me). Indexes, have a good 20% to drop, before we can see some light. Now is time of big caps and staples to reset. Indexes have dropped below important levels on Friday. Commercial Traders increased net short positions last week and small one reduced the shorts. All very bad signs. But I hope I'm wrong.
As long I hear "buy the dip", and see people posting incredible returns in last years, we are not done. Mr. Market will teach a lesson those people too, not only those too late to the party (like me). Indexes, have a good 20% to drop, before we can see some light. Now is time of big caps and staples to reset. Indexes have dropped below important levels on Friday. Commercial Traders increased net short positions last week and small one reduced the shorts. All very bad signs. But I hope I'm wrong.
This was well done. Good stuff.
Great read! I’ve been white knuckling for a bit now! Hoping we get relief soon.