Replies to post #92118 on Your Economy (No Politics) (YE1)

[dickmilde]

"They'll unknowingly give a good portion if not all of their hard earned money to experts, who're already salivating at what they know is to come. And that's been the plan all along; to engineer the biggest, grandest more spectacular transfer of wealth from the unknowing and poor (or soon to be poor) in history. "

I don't understand the plan... Please explain. Thanks.

[ChrisJP]

Hi trader_guy, when you think the end is near, please let us know. I did not expect the markets to keep climbing between March and August (based on my belief that lack of confidence in our presidents sanity would make people become risk averse). Clearly I was wrong. But in Sept I realized that we were entering what I think is the fabled last phase of an Elliot Wave move which is the final straight up move in the markets.

I consider the bitcoin/blockchain craze a side effect of this move.

But when the time finally comes for this rally to end, $SQQQ, $SDS, and $TVIX are ways to make money in a down market.

They question I have right now is -- other than normal business cycle dynamics, what will cause a recession and the markets to correct ?

Chris