Alternative Path

[gdl]

Will this current overdue correction be steep and short lived? Euphoria at a moment in time reminiscent of past peaks. That can result in a sudden unexpected long steep drop or more likely a slow controlled drop followed by an assumed resumption of bull run. The latter would result in a steep fast drop from the second attempt at regaining a bull path.

This long and strong historic bull run hardly sees the reversal of trend in one clean break. An assumed normal correction in this current drop is already the odds on favorite. Self fulfilling self once our bias is so strong like a pandemic denial till it can’t be denied anymore.

There isn’t an economist or analyst out there warning of a dramatic reversal from extreme optimism. That’s why the Pandemic Syndrome is more likely. That means facts and hard data will already be seen telegraphing a dramatic reversal well before the street reacts.

This fits into the current correction as an assumed opportunity to bet the upside at bargain prices totally ignoring the economic data points But those data points are just not there yet so perhaps I am just once again too early.