The Upcoming Crash
The markets are beginning to show telltale signs of pessimism and fear. Participants are beginning to respect the fact that economies are shrinking all over the world. GDPs are hitting historic lows.
There's a lot of liquidity in the market. Unemployment is on the rise, and whatever employment exists is severely skewed towards IT and its support.
There have been talks of a crash or a dead cat bounce since the bullish reversal that happened a few months back. Naysayers always exist, and people are always happy when their predictions are on point. What does all this mean to the average Jane/Joe in the market? Or the average Janoe?
Depends how long you can wait. If you're young and invested in the market, hold. This is all just noise. If you're planning to retire any time soon, now would be a great time to sell and go on a vacation, if you want to enjoy all the money you've accumulated throughout the years. It's all a matter of perspective really.
Markets are almost always disconnected from reality. I don't expect any news to douse all the optimism flush in the markets. Bearishness is good because it provides entry points.
The bubble is going to burst guys. You'll see. Remember me when your portfolio runs red, whether it happens tomorrow or after 10 years.
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