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What Will Friday's Market Meltdown Mean For Monday
Submitted by QTR's Fringe Finance
If you've been a long-time follower of mine, you know that I've consistently made two points over the last 10 years. First, technical analysis doesn't mean shit—it's a backward-looking tool that has limited use in predicting the future. Second, I've often said that some days you wake up and everything is just different than it was the day before.
Today made both points. Along these lines, I didn't see too many technical analysts, CNBC guests, or sell-side dildos predicting what would happen today—when the market erased essentially an entire month of gains in eight trading hours. It was the old adage of "stocks taking the stairs up and the elevator down" in practice.
My subscribers know that I've been writing about how precarious this market is—more aggressively over the last few months—noting massive looming problems in subprime auto, private credit, commercial real estate, and overvalued tech stocks: "End Of Empire Feel": QTR On Bitcoin News
That's to say nothing of what could be a $2 trillion bubble in crypto. I've laid these thoughts out in a series of podcasts and articles, some of which I'll list here for your convenience:
"End Of Empire Feel": QTR On Bitcoin News
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