We've had a massive asset bubble that is now crashing.
Right now, most people are shell-shocked – they’re still in the denial phase.
They’re thinking “Is this really happening? We’ll go back to normal soon.”
$SPY $QQQ
Right now, most people are shell-shocked – they’re still in the denial phase.
They’re thinking “Is this really happening? We’ll go back to normal soon.”
$SPY $QQQ
Because we're still in the denial phase, I've been asked probably hundreds of times in the past couple weeks - "when should we buy stocks again?! What stocks should we buy?!"
To me, that is evidence that the "Bubble Mentality" is still very much alive...
To me, that is evidence that the "Bubble Mentality" is still very much alive...
If we were truly at a sustainable bottom, you wouldn't have so many retail traders so eager to jump back into the market.
That speculative mentality has not been flushed out - so many people are still thinking "it always goes back up!"
That speculative mentality has not been flushed out - so many people are still thinking "it always goes back up!"
I remember in the early days of the housing crash in 2007 and 2008 that so many people were eager to jump into housing - "it's down 10% - it's cheap!!!"
Unfortunately, what's cheap becomes much cheaper.
Investors are acting the same way right now...
Unfortunately, what's cheap becomes much cheaper.
Investors are acting the same way right now...
Because so many investors are still in the denial phase, I believe we are primed for a powerful bull trap very soon - esp. with all these stimulus announcements.
The market will probably bounce hard, which will suck in all the dumb money - "see, I knew it would go back up!"
The market will probably bounce hard, which will suck in all the dumb money - "see, I knew it would go back up!"
We're likely to experience feelings of respite soon.
Maybe new coronavirus cases will slow down for a time.
It will look like there's a light at the end of the tunnel.
People will jump headlong into the market in hopes of a "return to normal!"
Maybe new coronavirus cases will slow down for a time.
It will look like there's a light at the end of the tunnel.
People will jump headlong into the market in hopes of a "return to normal!"
Once investors get complacent & cocky again after a sharp market rebound, that sets the stage for the rug to be pulled out from under them, which will lead to an even more powerful crash than the first one.
That's when sheer terror sets in as the "Bubble Mentality" truly dies.
That's when sheer terror sets in as the "Bubble Mentality" truly dies.
So, the moral of this story is that a powerful market bounce is likely coming soon along with feelings that things are improving.
I just want everyone to be aware that this is a classic setup to pull in the suckers.
Use this coming respite to get prepared as survivalists, etc.
I just want everyone to be aware that this is a classic setup to pull in the suckers.
Use this coming respite to get prepared as survivalists, etc.
This is my message to the talking heads on Bubblevision who are trying to create hype about an upcoming market bounce:
SHAME ON YOU!
We've had an 11 year asset bubble - the largest in HISTORY - and this crash will not be over in a mere three weeks.
SHAME ON YOU!
We've had an 11 year asset bubble - the largest in HISTORY - and this crash will not be over in a mere three weeks.
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