The morons at the federal reserve raised rates on 5/4/22 by 1/2 percent, the biggest rate increase since 2000. And once again they are raising rates right into the plunging economy, and then will be cutting rates and pumping another trillions of toilet paper, all of this coming soon.
At the end of 2021, I wrote several posts discussing how the stock market was still short-intermediate term bullish, BUT we are in the process of forming a MAJOR top. I took profits in my index long position on 12/28 and warned on the chart and in the post about the major top forming, chart below:
“big top in Jan/Feb (2022) similar to 2020 (Feb) top”.
We dropped (SPX) 35% in 2020. That foreshadowed a plunge in GDP. This situation now with the most BRAINDEAD clowns in “leadership” around the world is mind-blowing. From govt. to institutions to central banks to global corporations to medicine to technology to mutual funds to hedge funds to wall street etc. You can not have capitalism without CAPITAL. And you can’t have REAL capitalism (not fake phony crony communistic fascist capitalism like we have now) without REAL capital, not the toilet paper capital of the modern era – which is what we have now. Between the MASSIVE debt load (post about that coming) and the zero REAL growth in GDP, we are headed for the economic RESET, no way to avoid it, there are zero ways to right the ship. Hard times are ahead, very hard. The economic reset, we will be told, is for us because THEY care so much about us. The reset is for THEM, because they are so wildly satanic, fraudulent, and incompetent – and have destroyed the economic prospects with all the debt. AND THERE IS NO WAY TO “SOLVE” THE DEBT PROBLEM EXCEPT FOR MASSIVE WRITEOFFS (DEFAULT).
The stock market will continue to trade in a big range/general downtrend, then a big break later in the year. The actual top in the stock market was Feb 2021, the new crop of stimmieinvestors will never make their money back, it is rough sailing. I am up this year with my daytrading but not a great year. My goal is to maintain/be up a little, and take advantage of the multi-week rallies which we will have at times. My trading has not been aggressive except for shorter term timespans. I do not see that changing.
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