what has happened before will happen again.now that we are hitting another important 45 degree angle, it is time to pause and see how the market reacts to this level. we are at a very dangerous level in terms in valuation but insanity can go on longer than you can stay solvent..... there is no such thing as a free meal. i will be watching 7/10 - 7/12 as a possible date for a reversal. please note that i do not see this as being the big drop... that i think will happen in 4q.....
Here are some things to consider from my cycle study
1) weakening dollar very similiar to what we went through in 1970s with nixon. remember, the first two years of the government printing in 1970s was creating a more robust economy.... until reality hit. there is no such thing as a free meal. standards of living dropped drastically during the 1970s. food sky rocketed by 1973 it was 300% more than 1971. food levels never went down to pre 1970s levels. transitory is a bs story the fed is pushing because they are in a corner.
2) a ban on gold or other currencies that threaten the dollar (bitcoin).
3) oil crisis
4) legalization of marijuana on a federal level
5) space dominance. .... (trains in 1820s.....planes in 1920s.... space in 2020s)
"Although it is obvious that the Keynesians were all wrong and interventionism and central economic planning don’t work, whom are we listening to for advice on getting us out of this mess? Unfortunately, it’s the Keynesians, the socialists, and big-government proponents. Who’s being ignored? The Austrian free-market economists — the very ones who predicted not only the Great Depression, but the calamity we’re dealing with today. If the crisis was predictable and is explainable, why did no one listen? It’s because too many politicians believed that a free lunch was possible and a new economic paradigm had arrived. But we’ve heard that one before — like the philosopher’s stone that could turn lead into gold. Prosperity without work is a dream of the ages."
The Austrians Were Right, November 20, 2008 ----- RON PAUL
"The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun."
Ecclesiastes 1:9