"Market still preceding as expected (see my prior posts) with IMO Nasdaq to make a lower high and S&P possibly making a new high before the crash resumes."
Just to clarify, this is IMO the "correction" before the final push higher to fill those gaps as mentioned in my previous posts. Note I believe the Nasdaq has already topped so it will make a lower higher and the S&P will most likely make a new high. Once complete looking at the "anatomy of a crash" diagram IMO that is the end of the "return to normal" phase.
Then comes the crash that has already started IMO, but everyone is too busy wearing blinkers to see . I can see the "copium" is strong with the bulls but history says your wrong. When interest rates are cut heading into a recession a crash happens. You can try to argue with history the most successful argument "this time is different", is the main defense.
So far the score is:
History - 100
Different this time - 0
You can also try to argue a "soft landing" but you might as well argue unicorns are real because that might have a chance of being true when compared to the "Fed said soft landing" argument
. Anyway I expect my "academic exercise" poster will be correct and we will see a fall back towards the 5100 area on the S&P (give or take) before the final push up.
P.S. While posters think I am a perma bear you are very wrong I just call things as I see them and I have seen all this before, the same script, different actors but always the same result. I might be wrong and the Fed can save us all with a "soft landing"
, but don't think so. Mr Buffet seems to agree, think he knows more than most. Good luck all.
(20min delay)