At the Top of the Bull market in November 2021 (Nasdaq) and January 2022 you could probably count no more than a a very few who even considered a possibility of a severe crash. Now fast forward to today and as you can clearly see that many have gone to the Bear side. Not the majority, nowhere near the majority but still several more than in January 2022. Fast forward to January 2023: hundreds if not thousands more will join the doom and gloom side of thought in agreement. People are slow to catch on. Why? Because that is what a bull market does. It gets extrapolated to infinity. The never ending bubble of bubbles that can never end. Its nothing new. Same story as the market was climbing in 1929 to the Great Depression Top. History repeats, not exactly but in form and generally gets heavier due to the fact that the progress to greater heights demands vicious falls to clean out the excesses. It really is quite a simple concept. History tells you how many times this has occurred in the past. Its nothing new.
Makes no sense compared to any period in the past???? Makes sense all the way from 1720 - 2022. See the precision Dow Jones hits at what we now call BEAR markets .............. and these could have been known in advance by a Historian mathematically inclined. Simple!
But that is not why 1929 happened, which is why we have never had a 1929 depression event repeat. That Hatly dude from London who fucked everyone up, and before breakers, and computers, and all that jazz.
All I get the sense of is that you think we are to hit 1929 lows in the Dow. If that is what you are suggesting, you are totally stoned, man. Maybe you and I should partner up. One of us is normal, and the other is stoned.
1929 happened because of the same reason, namely the bloated fat and excesses of and wanton gluttony (like in our current never ending bubble). The prior crash of the 1800s cleaned out the excesses and gluttony that accumulated after the crash of the 1720s and so on. But we never learn, we make the same mistakes again and again. Do the same stupid stuff. this sets us up for the next BEAR. Its routine. Its part of our mental structure. Its built in. 2008 happened for exactly the same reason (look at Housing for example, gluttony into 2005 top then boom the crash). 2008 crash is leg A of the current upcoming crash. they are one package known as an A-B-C. They are related. C will be much more powerful than A
MY charts are all log scale. Let me show you the difference between Arithmetic and Log .......... see Dow Jones below ..............
Kapiche? I very rarely if ever use Arithmetic scale. Log scale is my foundation. I decided on this within a week of deciding on TA when I first entered the arena