From the author that brought you the following thread with accuracy before Covid hit.
https://www.thelayoff.com/t/14ckvGdC
Decline 2.0 is coming soon. It's going to hit just as hard as the first, and likely, be the final nail in the coffin.
More disruption is coming in the market if you can read market charts, an while you can't see the event, you can see the problems that come from disruption. How does one know? Well, disruption was easy to see in March. It's fall, was not natural, so the market had to rebound.
Now, the same signs that displayed in the rebound, now display in the downside of the market. This will likely be the dead cat bounce we don't recover from, because support will then become major resistance. 2001 s—ed. 2008 was worse. 2020/2021 will eff EVERYONE up that can not see it. Have a 401k? Most people do... Want to lose 85%-90% of it? Tell me I'm wrong as you ride down the values.
Place your bets right. Get money put away, at least temporarily outside of the market. You lose nothing to sit it out temporarily. If they tell you the world is great, be weary. Protect your own. Don't make me right again, as some of you have your pants caught down. I stated, when it starts, it will fall so fast you can't maneuver.
BUT.... maybe I'm just rambling. FYI, I am out of all market investments. Whether it goes up 1k or another 5k, matters not. I see as crystal clear as day, where price will fall to. Will be watching what happens at that point.
Oh yeah. Covid k–led a lot of businesses. Recent news article on Yelp said 60% of all businesses are permanently shut. These blue chips... layoffs will come all around. Obvious is obvious. Buyouts first of course. I told you that the last layoff, was one of a two step process. Stick around long enough, step two is coming.
It's going to be unfortunate to say the least. Will be wishing for 2008 and 2001 again.