XJO - Bear Posts only (Factors which might cause the markets to fall), page-14507

https://www.cnbc.com/2024/02/06/cre...ating-financial-stress-new-york-fed-says.html

"Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Federal Reserve reported Tuesday.

Debt that has transitioned into “serious delinquency,” or 90 days or more past due, increased across multiple categories during the year, but none more so than credit cards."


Clearly this is bullish and why we are entering a new bull market lol. I am seeing that idiotic statement everywhere now (if only people knew how to actually read and understand the numbers). Looks like we will get that crash this year and a nice introduction to stock trading 101 "things only ever go up" for the covid traders hehehe.

P.S. Stock market seems to be forming a major top if it hasn't already so big crash on the way IMO, good luck all.