all markets peaking, page-25

Really.

It is so easy to take a trend and just project it in the same direction ad infinitum.

That is what economists do and why they almost never get it right.

You need to look at Elliott's waves re sentiment. You would understand the denial and acceptance and capitulation of markets as understanding lags the market.

I am not saying that fundamentals are unimportant but todays facts are not what markets reflect. They see maybe 18 months ahead. Can you?