You know something is brewing when you notice that the markets go up even in the face of continous bad economic data. Is looks and feel like it is being artificially pushed higher just to lure the unaware or ill inform investor. Main Stream Media (MSM) are all talking up the market saying it has another 5-10% upside potential but will never tell you the downside risk.
Let's look at it ... MSM will tell u Dow can hit 25000 or S&P 500 can hit 2500. Do the math .... for dow another 1600 points potential to 25000 which is 16% from current value of 21400 and the S&P 500 another 160 points which is 6.8% from current value of 2340. What is your risk ? If the market corrects .... Risking 20% or 50% or even 75% correction to chase the 16% gain (Dow) or 6.8% gain (S&P 500).... ask yourself is it really worth it ?
Fundamentals showing so many signs of weakness and the yield curve flattening is just one of the many indication things are going south. I would like to share the simple technical chart which show the divergences in the prices and Relative Strength Index (RSI). A technician knows just by looking at this chart it's just a matter of time the market will correct and I believe this correction will be more severe than others because of the weak fundamentals.
So keep your powder dry and bettter to wait for the heavy correction coming pretty soon and if you must trade... then trade wisely & very selectively. Good Investing All!!
You think the same in cryptocurrency market?
My head is going to explode. I am holding a nice portfolio of altcoins and I don't know if take profit before 1st August. I am a long term inverstor (+1 year)
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am not an expert in cryptocurrency but when shtf i feel these cryptos will explode higher but that's just my feelings
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