I think we’ve already had about 13 crashes in the last 6 months according to this guy.
Mass profit taking is coming, get out while you can,
A good deal of money now in the market, and entering the market comes from 401(k) accounts. Layoffs have already started and I think they will get much worse. People lose jobs, they stop the flow of 401(k) money into the market. And maybe they start pulling money out because they need to survive the emergency. That will drive things down real quick.
Commercial real estate is going to tumble this year no matter what.
Government and business loans need to be refinanced and the rates are a lot higher than they used to be.
I think this ends horribly.
On the chart it looks like a long-term top forming, but the top rarely comes with warnings.
10 stocks is 30%. If each is 3% and one goes belly up my portfolio is down 3%. If I have 60/40 allocation then I’m down 1.8. If one of the other 990 stocks rises quickly to fill the gap, I might not have any loss.
Scare tactics sells magazines
I once read an article that claimed to have studied market reporting in the media. It was always characterized as wonderful in the months before a Presidential election when the President was a Democrat; and was always reported negatively if the incumbent was a Republican.
Many of us have seen the terms "overwhelming majority" or "slim margin" both applied to 55% or so, depending on which party the media thinks would benefit.