Here is a little doom and gloom for you. The more I think about recent market situation, the more I read about it, the more I am convinced that there are much bigger things to come.
The bear markets can’t drop straightforward for several years, they need time and fresh money to be sucked in and fuel the drop. This new money usually enter the market when it is more or less calm. In current situation it looks like the calm before the storm.
Unfortunately, as traders we can’t do much about this. But we can be ready and adopt to changing conditions.
Take a look at this 75 years old chart. Don’t think it will drop thus far, but 500 in SPX might be on the hands.
