We have not reached the top yet. The S&P will rise due to unprecedented liquidity and serious retail FOMO will kick in for a parabolic rise to SPY 400 (S&P 4000) by labor day 2020. This is the end of a 30+ year secular bull market. Once the fed signals slowing of quantitative easing due to rising S&P and economy showing signs of recovery, the bust will reach its second stage and kick S&P down to 800. Deflation will take control, leading to more QE and trigger inflation long term. Gold 10k by end of decade. Bitcoin will tag along the melt-up and will reach ATH this summer, then crash with the S&P but find a strong support level above 20k and reach 1MM by end of decade.
Not sure how one gets from the present debt-bubble and malpractice gong show, to this.
Absolute conviction of unicorns and butterflies, with no particular TA happening, seems a bit speculative to me.
Good for speculative-fiction plots. Less so for current-market reality.
Absolute conviction of unicorns and butterflies, with no particular TA happening, seems a bit speculative to me.
Good for speculative-fiction plots. Less so for current-market reality.