No matter how much you alert people of the coming crisis no one will understand until after the fact. No one saw the financial crisis back in the mid 2000s unfolding, but maybe 3 people and they were mocked continuously for their opinion on why the collapse was coming. However everyone who calls a collapse after a 10 year old market looks crazier and crazier by the second once again...the unlimited printing of trillions of dollars just keeps this markets going and going. It's like the unlimited wealth effect..... nothing this good lasts forever.
Bottom line no trader has a crystal ball which foretells the future. All the hot air in the world about doom & gloom, goes on forever. Anyone who knows anything about trading is aware that anything can happen at anytime both good and bad. The more gloom talk the more the market has a propensity to rise is my experience and perpetual bears sit on sidelines as fear is their master. They then enter at the top due to FOMO. However calling a bear market or a top while it's rising is just plain ridiculous using antiquated TA indicators, RSI etc. A top or bear market takes time to form, doesn't happen in 5 minutes or one day. If a surprise happens, usually it bounces next against it as a reaction, there is always time to get in or out.
Without China the world economies are worthless!!!!!! Chinese companies are defaulting on their debts at an ‘unprecedented’ level PUBLISHED WED, MAR 20 2019 • 1:03 AM EDT UPDATED 5 HOURS AGO Weizhen Tan https://www.cnbc.com/2019/03/20/chi...mount-of-corporate-bond-defaults-in-2018.html
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Good advise, to bad so many won't follow it. But that's what makes is so easy for those who do. Markets needs suckers.
As we approach lunch on the east cost...This is what you will hear........The Dow has been down over a hundred but has recovered and is now at the session highs......Same thing over and over and over....So easy making free money.....
Yes everyday really is an up day in the land of perfect......It's been said in the higher circles on Wall Street the the equity markets have entered a UTOPIA of sorts, this has lead to the belief that this will be a never ending bull market. Sure there may be bumps along the way. But BEAR markets are simply not allowed.