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Bear Market Will Bottom Only When We Reach The Opposite of The Speculative Madness Of 2020-21
Started by
IYB
, Jan 02 2023 01:51 PM
2 replies to this topic
#1
IYB
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Posted 02 January 2023 - 01:51 PM
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#2
blustar
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blustar
Posted 03 January 2023 - 10:03 AM
I don't know why so many are ignoring you. You are one of the best!
#3
OEXCHAOS
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Mark S. Young
Posted 07 January 2023 - 01:19 PM
Nobody will want stocks by the time this Bear is over. NAAIM will be net short, and probably 75% of advisors will be more than 10% short (subject to review). The relative VIX will be way up there. AAII will be at historic low Bullish levels.
You (and I) will get clear and obvious low risk IT/LT Buy signals and we'll be sick to our stomachs at the prospect of taking a 1/2 position. I'm not saying we won't buy, but it won't be fun or easy.
Obviously, we are some way from that point, but near term, there's a lot of speculative Bearishness and the wrong folks are Beared up. We probably have more rally and maybe quite a bit. Once the Bulls come back, and we see distribution again, it'll likely be down to new lows. That might take some time, however.
Mark S Young
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