The fear-mongering stock market whore. In before someone else says it.
“The fear-mongering stock market whore. In before someone else says it.”
You’re right. The professional shorts have called 74 of the last 3 market crashes.
Everyone sells in late nov/dec to offset capital gains with losses and buys the same stock back in 30 days.
Always watch what the insiders are doing. They are taking their cash now, before the price drops due to misses in earnings. Insiders know what the prices of materials are going to, and realize that they cannot raise their prices high enough to cover the increased costs and maintain their market share in a dwindling market. Hence the earnings misses.
Further they probably want to unload their positions, before taxes get the majority of their earnings. The stocks are usually paid as performance bonuses (in lieu of cash) and they know they are going to get soaked going forward.
None of this is going to end well, for any of us.
Inflation and dropping stock prices will wipe out most middle class estates, thus the heirs will inherit dust.