Here is the situation. The stock market is rigged past anything investor’s minds can fathom. Retail investors determine the direction of the market. Large trades are made by way of alternative venues. The market will drop when all of the effort in the world, move it higher.
GDP, as it is reported, is a phony number, manipulated to look impressive. CPI is calculated so as to look as impressive as possible. Federal reserve policy is determined politically. The entire U.S. population is managed like a giant herd of cattle. Trust of government is at an all time high. This is while, the whole concept of democracy requires that government cannot and must not be trusted.
The situation is such, that while power corrupts, Americans live their lives as if the opposite is true. This is a prescription for disaster and it will happen. Timing is the issue. Our system is collapsing.
The upper ten percent is stock market dependent. Everything and anything will be done to keep it rising. GDP looks fine because the rich still have money. Anointed industries, especially healthcare, supply income to all who work in the industry and trickle down throughout the general economy.
Long term, nothing can be done to save the economy. Only genuine free market can do that.
So, when will the market drop? Probably it won’t immediately. There are videos on YouTube drawing parallels between the situation now and that of the Crash of 29. This serve the role of drawing in shorts to fuel a spike up. Trump is suggesting $2000 stimulus checks which will draw in more retail investors. I would not be surprised if checks were sent out, under the condition that the money go into the stock market. fo
What this suggests is a huge spike up after which a bear market begins directly following. The alternative is a long sideways pattern that slowly bends down like the branch of a willow tree hanging over a river.
Technical analysis is of no value in a market that is COMPLETELY manipulated. It will fall when it no longer can be.
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