2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 451.79

+1.8%

Jan 22 4:00 PM EST

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To: TobagoJack who wrote (187594)	5/15/2022 3:35:44 PM
From: sense	Read Replies (1) of 219655

I see same issue today in relation to SPY / "markets"... Seeing some who should know better flogging that the "word on the street" today is... that last week gave off such extreme fear readings... that the market can only go up from here... since that event in great fear defines bottoms... so BTFD... Or, of course... that great fear might only define another step taken toward even greater fear yet to come... the fear of the cliff's edge clearly not in itself sufficient to prevent launching over it...when the driver taking you closer to it is BTFD... while BTFD defines... a lack of capitulation... which means... not close to being done, yet... ? So, from there... although stocks performance is mirroring the 2008 event very closely now... bringing us "right up to" the inflection points where in 2008 the next three weeks took away about 1/3 of the prior price... the discussion remains... "Hey, it could go up for another day... maybe two... and then who knows"... so BTFD ? No doubt, back in 2008, there were also people who were telling you the great fear already expressed in October... surely defined a bottom... and the market should move higher ? But... realty check... if 2008 is a reliable model... bear markets do have frequent and often large reversal events... but, they don't tend to happen right in the middle of the turn down into the accelerated major decline... rather than as "huge volatility" occurring in the months leading into the entry... and again in the months coming off that accelerated decline... as nearing a bottom... I've not done a recent comparison with 1929... which might be different ? Might be worth doing ?

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