Recession Coming. For Now Cash is King
Looks like the Broadening Wedge of Dow Jones Industrial (DJI) Index here has been broken. Market retraces back to the broken wedge support and succesfully rejecting it, hence SBR (support become resistance) was validated.
Abstain from buying stocks for a moment. Pile up a lot of cash, once the recession is over, it's time for shopping spree again.
Quoting from Elon Musk: "If history is any guide, not many will make it past the next recession. Predicting macroeconomics is challenging, to say the least. My gut feel is maybe around spring or summer 2022, but not later than 2023."
Abstain from buying stocks for a moment. Pile up a lot of cash, once the recession is over, it's time for shopping spree again.
Quoting from Elon Musk: "If history is any guide, not many will make it past the next recession. Predicting macroeconomics is challenging, to say the least. My gut feel is maybe around spring or summer 2022, but not later than 2023."