I am leery about next week, in terms of what may happen; not necessarily in terms of this stock, but in general. I just know we are in for a period of severe market turbulence that could very well begin before the election.
There is a crash coming some time soon, I believe, but when?
My prediction was that there could be a high likelihood of a late October crash. At this moment, I'm not seeing anything definitely imminent, though there are warning signs continuing to build:
* continued ongoing 800,000+ new unemployment claims each and every week (down from 1,000,000+ per week for over 22 weeks straight)
* ongoing mass bankruptcies and store closures
* small businesses devastated across the land
* entire industries deeply underwater, or destroyed overnight; entertainment, airlines, tourism, business meetings
* sudden work from home shift means countless commercial real estate developers out of the game permanently, while being deeply underwater
* mass migrations of people out of cities, with accompanying soaring real estate prices in some areas and devastation in others
* CDC orders halt to evictions nationwide, thereby in a stroke of a pen abrogating contract law across all 50 states
* long lines of homeless and impoverished waiting in line at increasingly short-supplied food banks, often in brand new cars with cell phone and new hairdo
* general increase in alcohol consumption nationwide
* increase in crimes, murders, robberies, etc nationwide
* increase in gambling in all the usual ways and with apps like Robinhood, (name meaning "Robbing the 'Hood") with every shoe shine boy and construction worker trying to get rich quick off Reddit stock tips, trading in vaporware "tech" companies and SPAC bullshit, options trading on margin(!)
* soaring stock market, because all of the above is bullish!
I guess I don't need to go on, since you're already planning to check out of the casino for the moment....just saying, this week could possibly be a turbulent ride, so I hope you are able to exit your positions with no problem.
Of course, my timing could be off and maybe nothing special happens this week at all. I just wonder, how long can people keep pretending anything is at all normal?
AI
