Replies to post #195789 on NSAV Holding Inc (NSAV)

[Pnypnchr]

LOL, he contradicted himself all in the same sentence. What a joke for real.

[shotsky]

If charts actually worked in the otc, we would all be using them and making money on them. There's a reason it doesn't work in the OTC - past action cannot possibly indicate future direction. Charts can work on the big boards, but the OTC is so volatile, nothing can be said of past action or future action. Period. You can fool yourself, but you can't fool the rest of us.

[Willymon]

2021 Feb was the result of:

1. Lockdowns resulting in huge job loss starting in April 2020.

2. Unemployment claims went way up.

3. PUA - Pandemic Unemployment Assistance from the USA Govt. on top of unemployment created a situation where millions were making more weekly sitting at home rather than working.

4. PPP Loans in the billions were also paid out to small business owners.

5. People looking to make money from home opened brokerage and crypto accounts that would have never done so.


A huge injection of federal/state unemployment cash and PPP loans created cash wave into the stock and crypto markets.


Boom > Feb 2021 - the cash tsunami hits and everything is super green with inexperienced traders buying anything with the littlest pump or tweet.


September 2021 PUA and unemployment assistance ended for mass majority.


Now the cash injection wave is pulling back starting late Nov. 2021 and shorters start sucking the market dry.


People begin filing 2021 taxes in 2022 only to discover they have a huge capital gains bill and need to sell off what little remains in their newly opened brokerage/crypto accounts.


Markets will continue to sell off with a possible huge dip beginning in April 2022 because inexperienced traders must cover taxes owing for both unemployment and capital gains.


Then, 90-days after April 15, 2022, news stories will be coming out regarding how many new traders filed tax returns and left off gains reported to the IRS by their brokerage accounts. IRS database will easily catch these ommissions.


I doubt US Govt. will pass a bill to forgive capital gains for stock/crypto speculators.


Next will be a wave of tax liens and credit scores will spike down resulting in banks no longer being able to approve mortgage loans causing interest rates to increase and housing prices to drop.


Opportunities in the market are more difficult to find and its hard not to see a bearish year coming.


Tell me I'm wrong.


Is it 2024 yet?