There doesn't need to be a reason for the market to drop. The "reason" is needed just for the news media.
I agree somewhat. But; Depression, real estate crashes, 9-11, GFC, Covid, have been very good reasons.
If we look at the 9-11 event as an example, the obvious conclusion is that you'd be wise to keep well clear of really large and dominant buildings after a stock market top. Because stock market declines cause planes to crash into skyscrapers, not the reverse.
S&P500 topped almost 18 months before planes hit the World Trade Center and was already more than half way through the bear market, both in depth and duration, at that time. Nasdaq at that point was 60% the way through the duration of its bear and had already seen ~80% of the decline in terms of value.
Whether or not the stock market decline caused the terrorist attacks I won't speculate, but the market was already well and truly stuffed at that point. The market doesn't need a "trigger" to peak and roll over, though there'll always be one found in hindsight.
Focusing on the US market there since 9-11 was a US incident.
The trend is your friend.Interesting.
Did 9/11 happen after the Dot Com bubble/crash and just continued the sideways bearish mood until the planes hit?
Chicken and egg type stuff, maybe.
I think the chicken came first.
We're currently at a very serious geostrategic financial precipice. Wayne's four horsemen are circling.
I think the first thing to be solved is that the US will raise the debt ceiling kicking the can down the road.
But, I have no doubt China are going to invade Taiwan in the next couple of years which will be disastrous.
In the long run though, these events just represent opportunities. The market goes up in the long run. If you live long enough....
View attachment 157070
The trend is your friend.
Higher highs and higher lows = uptrend.
gg
Would always be interesting to compare with 305$ of gold then to roughly take into account the inflation and obviously take dividend on market index to compare.Yes, I was born in 69, which is the left hand edge of that chart. My parents should have bought a basket of shares for me then as a 55th birthday present. Terrible lack of forethought.
The XAO has drifted down to the current support level (~7080).
IMO there's a high probability that it may go lower to the next support level at ~6600.
View attachment 164399
Are we a bit more bullish now after another weekly outside bull candle?
Can this get back to the prior highs? I love November rallies.
View attachment 165177
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?