Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” TIME TO EXIT MARKET IMHO.

by Hephaestus4

David Hunter (a contrarian investor) said market can correct 10% then melt up about 38%, in which S&P 509 will reach 6,000 to 7,000. After Melt-up there will be 80% drop. Another possibility market just drop 50% to 80%. Either way the trend is down eventually. The Fed going to raise interest again and possibly again make me very nervous and doubt the 38% melt-up will happens.

There’s debate about whether the U.S. will or won’t enter into a recession but actually the global economy is already in one.

There’s a ferocious debate about whether the U.S. will or won’t enter into a recession, but the global economy is already in one.

That’s the view of Dhaval Joshi, chief strategist of BCA Research’s Counterpoint. He says that for global purposes, a recession is less than 2% growth rather than outright deterioration. He points out that Oxford Economics’ nowcast is that the world economy is growing at a 1.2% rate, and also points out that China is growing around 5%, the U..S. less than 2% and Europe is flat-lining. Export heavy economies in Germany, Sweden and South Korea are struggling.

S&P 2019 vs 2023 🧐 pic.twitter.com/1V7uwGmvAD

— Financelot (@FinanceLancelot) July 17, 2023

Bear porn is still alive

M2 YoY chart someone should call the police pic.twitter.com/tYt1H7HGPY

— Alessio (@AlessioTMAD) July 17, 2023

This is the first cycle where the Fed has been raising rates, despite manufacturing PMI being in sharp contraction territory

A big policy mistake in the making pic.twitter.com/jxTNwqjJNH

— Bravos Research (@bravosresearch) July 18, 2023