Furious Honey Badger β‘οΈ
· 4d
SpaceX chart. Retail getting destroyed, it will happen with SP500 and Nasdaq too.
https://blossom.primal.net/e1dc21202ad375a8438ba3e35425725c308350692a683840bcf5c23f2e4b2a4d.png
Typical behavior when the peak is obvious to the companies themselves all the burden gets offloaded onto retail via IPOs so retail can hold the bag. Again.
The tech sector in general will collapse. Not a matter IF, but WHEN...
And then we'll rotate back into the long hated and despised energy sector (3% of the total s&p500?). A lot of asymmetry for sure!!
I've been positioning for a while now to buy what's cheap and the chance to get "lucky" again.
I am not betting on the moment when the whole sector will fail, because we cannot possibly imagine the horror that will occur beforehand. First most people who had cash parked just in case will be suckered back into the market again because things seem to be recovering "back to normal", and that will be the time no one will expect and the time of another stock market crash. Worse than 2000 and 2008, that's for sure. There is so much more money and overvalued shit out there ("too big to fail companies") waiting to suddenly (almost) disappear. (See IBM, Kodak, Cisco, Motorola, etc.)