When you have irrational upside moves in stocks that create tremendous WTF valuations, you know the top is near. And I'm referring to stocks such as: AMC GME NEGG MOXC
The entire market is driven by auction. Look at volumes and you will know the story. There isn't going to be a 1929 style crash because intertwined interests wouldn't let it get any worse than 2008. All things cool off. We might just go into an extended period of that. Who knows when though. I certainly wouldn't be trying to time it. That hasn't worked well for MOST people in the past.
WSB was also predicting GME $10,000 and AMC $2,500 only about 98.5% wrong. With a record like that why even bother listening? It's an echo chamber and as much as those minions want to think they run the market. They have no clue.
As if those stocks represent the entire economy. Get a grip, dude. You KNOW they are BS memes, that have zero weight on the economy. When the likes of BA and AMZN and F go tits up, THEN there is something wrong. Newegg? Seriously?
Hard to believe the perma-bulls at WSB would ever short the market. I've been reading WSB since May 2017 and their advice is usually to go all in on calls 24/7. I remember there was a time in late 2017 that lots of users there were saying to buy calls on TQQQ. There was a users that showed a screenshot of his Roth IRA and it was $50000 worth of LEAPs on the TQQQ. There will be no 20% drawdown unless there is an exogenous shock like a world war or some other black swan. CMBS meltdown seems unlikely.
The article is good but the truth is that you never know when the market will actually crash. It's not scheduled nor predicted. The warnings would do nothing.