We have a Stock Market Bubble, excessive valuations, investors are complacent, everyone runs for the exits simultaneously, there are abundant catalysts out there in the world, the Crash occurs over next 12 months.
And I didn`t even touch on Capital control issues going on in both China and India, which should be considered as well for as we have seen in Bitcoin strength.
The main difference is that we had mutual funds and then stock picking, now we have mutual funds, and ETFs, with very little stock picking in financial asset evaluation.
Money is made out of thin air, it doesn`t actually exist when we are speaking in terms of paper created financial market wealth, you haven`t made anything until you close out positions, sell your stock options, take this money out of the market.
We pay attention when people shut down manufacturing plants, and GM and Ford are doing this very act, we discuss the implications for the industry and overall economy in this video.
It happened in 2000 and again in 2008, and I am sure there will be some suckers who get sucked into the Dow 20,000 Rally this time as well, but you only have yourself to blame.
There will be some time in 2017 when the Euro moves back up to 1.15 to 1.18 against the US Dollar, and let it play out at this upper end of the 2016 range for a breakout to the next level of 1.22 against the US Dollar.
Always be suspicious of analyst upgrades the last two weeks of the year during an x-mas rally, call bullshit on most of these year end stock manipulation calls.
We check out the market action in this low volume morning in financial markets, focusing on the VIX, Volume metrics, and common market moving stocks during these type of trading environments.
