Most likely what happens to the inflation story and how the Fed responds to it with rate hikes or a policy mistake. If the rate hikes are to steep it may lead to a crash. Market might crater up to 50%, deep enough to profit from holding BBOZ and BBUS.not yet ( for me )
much closer to March ( say late February , or even the first week of March )
some big decisions still to be made ( in Australia and Globally ) like will the Fed back off from the taper , but several others
good luck
KWR was better than cash today .. hint hint... didn't really want to buy much else and earning a quid or two is better than the banks having my cash.
I can't stand the donkey BBOZ.
Just got bored today and didn't really want to buy much else and earning a quid or two is better than the banks having my cash.
I am truly hoping that my purchase of this is short lived. Sort of. I'm still way on the sidelines waiting for a fire sale. Topped up on a couple of quality long term assets on this weakness, but still concerned about 2022.
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I was out when it broke back down through the support line. Didn't expect such a big bounce on the XAO 7200 mark. Thought the cat must have landed on 4 feet.
Same applies to a lot of non-financial market things too, even in nature.
Eg the top of the rain cycle gives way to drought in a very gradual manner. Rain tapers off, the ground starts to dry out, it's months after the peak before anyone's talking about a drought.
At the other end however, well it's factually correct that the end of a dry period isn't always but often is followed by a flood the occurrence of which is extremely obvious and immediately changes the situation drastically.
Bottoms are an event, tops are a process. That occurs not just in markets but also many completely unrelated things.
As a passenger, it's much easier to know that the plane has landed (bottom) than to know that you've reached the highest altitude you'll reach on that flight (top).
So true bsnews. This is also very true when reading a chart as well. That is why I really enjoy reading a chart where I have no interest or bias in an outcome.The real problem with well people is that through our own bias we find the information we want to hear or read to validate our position.
At the end of the day the market does not have any opinions.
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