Most are aware of the multitude of crash being made. these days. So why is he market not crashing? This has been going on since before the beginning of the year, and started accelerating around April. A lot had changed since I posted the following article observation back in February,
Stock Market Scheme of Things 02/23/2024 Thru Spring
One thing that has not changed, is that the market still hasn’t crashed. It has been kept from crashing. The market will not crash until it can’t be managed by hook or crook, the way it has been manipulated for many years. It is clear, however that it is not being manipulated as easily as it normally is. Most crashes occur during the September through October time period.. In all recent years, multiple sell signals are generated throughout the summer for the purpose of drawing in shorts to be squeezed so as to leap frog passed the regularly bearish early fall period. My point in that previous article was that there would be no crash until a crash could no longer be prevented.
Here are some changes that have occurred that make a crash more likely.
The billionaires of the world have started bickering with one another.
First Amendment rights are now a hot political issue. The public now has limited but at least some meaningful information.
The healthcare industry is becoming exposed as being driven by organized crime,
Our security agencies are now accurately being cited as so corrupt that feelings are emerging that the country would be better off without them.
Heroic measures are being taken by all big tech firms to bolster their earnings and give the impression that they are till growing in influence.
YouTube is sacrificing its future for the purpose of holding earnings up each quarter, order to show consistent and uninterrupted earnings growth.
Retail firms no longer know how to respond to consumer demand. For decades, consumers have been told what to buy without regard for what they really want. Now they have no money to buy anything with.
All of these negatives are accumulating at a time when failure for the elites is not an option. They are where they are today because of high asset prices. Take those away from them and they are all out of business.
None of what I write here is good for timing but neither is technical analysis in a managed market. All I can say at this point is that with respect to a crash, we are closer than we were back in February. It could happen on any day. For myself, I am still not trading, holding cash and am waiting for someone to blank.
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