XJO - Bear Posts only (Factors which might cause the markets to fall), page-17271

Buffet selling stocks hand over fist and sitting on the biggest cash pile in the history of his company says differently. The last time he was wrong about the markets in general we weren't even born yet (not even me) lol. So I think bulls are in for a shock much like in 1987 and 2008 when they to quote "never saw the crash coming".

My position hasn't changed (I will keep it very brief), one last push higher IMO, with the Nasdaq to fill the gaps above and most likely make a lower high (still think the Nasdaq has topped as posted). The S&P I believe will also top at about the same time as the Nasdaq but could make a new high (most likely will IMO).

That will complete the topping process which IMO we are in (as posted previously again) and a major top will form (no melt up). We all know what comes next. Just remember always be careful what you wish for, the rate cuts the bulls are so excited about will not IMO be their savior but the savior of the bears ironically:

Rate cuts heading into a recession = market crash.

No point arguing with me or the bears about it you need to argue with history itself. Only argument I ever heard was "this time is different" which is what I heard in 1987 and 2008 and it didn't help. All I can say is everything else is just noise, we have done this dance many times and it always ends the same, painfully. Good luck bud.

P.S. It is possible the markets come apart now before the rate cuts versus after the cuts but I will stick with history which says after the rate cut. Won't be much longer IMO trade carefully.