You need to prepare your finances for a recession, per a MW opinion piece.
https://x.com/unusual_whales/status/1799456599708504152During last five decades each time so many full time jobs were eliminated recession kicked in. Is it different this time?
https://x.com/MichaelAArouet/status/1799327261671457087...in this rather blindsiding market, we can only say "I Don't Know" where the market heads from here. Market participants will now have to decide based on balance of probabilities, to Hold or to Sell. To Sell to Buy Back? To Reduce?
...What About to Buy? To Buy to Trade or To Buy to Hold?
...As my earlier post suggest, can Investors/Traders Ignore Macros altogether?
...markets could continue to run, but with worsening macros, how long are people planning to hold?
...
If It Hasn't Happened, Doesn't Mean It Won't. Suffice to say most would not want to entertain the thought UNTIL it flashes right before their eyes.
...I'd dare say that most ONE-stock investors who plough all their life savings into that single wonder stock, never thought of RISK MANAGEMENT; parting is harder than the thought of losing because missing out is more painful than losing out. I've seen it over and over. If you watch 'Deal or No Deal' they would the ones who play until the last suitcase, rejecting the banker's $60k offer when it finally comes to two cases of 50c and $100k, believing that it would be foolish to take anything less.
...it is no good to reminisce that I once made a life changing $1 million on that stock (but I never locked it in) and it vanished, unexpectedly as I did not see that coming.
THERE'S NO CERTAINTY IN LIFE. IN THIS UNPRECEDENTED WORLD.
