Loading ...I’m kind of glad gold didn’t make it to it next target yet. The market might perceive it as a top when the market is at its current highs when the economy is struggling and appears in a tentative state of a possible sell off with only a few over bought stocks holding it up. It looks similar to a house of cards. If these few stocks go what’s to hold the rest of the market up? The only thing that seems to be keeping it up is Fomo. Talking heads calling for higher highs. It isn’t gonna be housing.They totally screwed that up. Once the bubble or as Pento says bubbles burst and think housing already did once these few stocks go where is money gonna go. Probable to safe havens and defensive stocks. They’ll have to take a real hard look at the economy now. All the companies becoming distressed.
I also think about the mid terms. What would be a better time for a melt down? Way before the election with likely QE steps although I hope they think harder than that, or right before the election.