MARKET! The DOW has a very clear 7 wave down and starting 4 weeks ago. I would be very surprised if the forever bull cycle ends this way. Holiday season will create a huge run up from here. That's usually how long euphoric bulls die, multiple deaths.
So now we know how the big bad bull will end. it will be because transitory became TERMINAL. The Virus created a classic spike ending to a bull run for the record books. It allowed for a huge accumulation of disposable income and at the same time tight labor, bottleneck of supplies and public behavior away from services to capital goods.
Initial profits spike but on the tail end INFLATION both with goods and labor will squeeze this sucker.
I expect INFLATION to be the talk of the town within 2 months. All the Wall Street giddy analysts will sober up by then. THIS is the mega bull cycle KILLER. insidious how inflation will not only eat away at profits, cause wages to accelerate which will cause costs of goods to accelerate. It will also cause creditors to question thir wisdom of lending with the assumption inflation would forever be tame. Huge credit crunch coming and with it DEFAULTS!
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