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I guessing the significant declines will occur after the Fed...

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94

05/08/24

16:26

Post #: 75077779
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Originally posted by Baron1: ↑

Still think we bounce one more time to fill those upper gaps but as I said it will be the biggest bull trap in history IMO. Even now the market is way too bullish everyone waiting for a bounce and resumption of the "bull market" (its dead for the record IMO), but if those gaps do fill this fall we have seen will look like a small light show compared to the crash that follows.

BTW that above is my bullish scenario, I could be totally wrong and we see a regional war in the middle east or bank runs maybe in Japan, and we just crash no bounce at all. In other words this was all of us being sucked in thinking we have to bounce first before we crash? Either way glad I wasn't long or have money tied up in penny stocks.

Remember how many stocks went into bankruptcy in 2008? Very hard to stay solvent when you have no earnings and rely on raising money to exist, can't do that when the economy crashes. A lot of "covid traders" about to become "academic bears" when they discover the meaning of the words NEGATIVE EQUITY over the next 12 months . Good luck all.

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I guessing the significant declines will occur after the Fed cuts rates?

XJO Value at posting: 7,649.6
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