Crash STILL coming. DON'T SHORT. YET.

Dec 19, 2023

Here is my post from September:

Read it, it's still true.

TL:DR We proles are hard up because price-gouging has been rampant on top of inflation. The music is stopping and there aren't enough chairs. We can't afford to buy stuff because we need food and power. There is a delay before the scummy companies report this drastic fall in activity, but the MAN knows already. The stocks will rally irrationally then the rug gets pulled.

Here we are making a new ATH because the big boys (We talk about Wyckoff's composite man here at Mayfair) have an inventory of stocks that they want to get rid of.

Now the brokers have started trying to get you to buy the top: https://www.reuters.com/business/finance/goldman-sachs-sees-sp-500-hitting-5100-2024-boosting-forecast-2023-12-18/

All the signs are there. A big rally into the New Year, maybe a bit longer, get a new All Time High, get everyone excited enough to squeeze out the shorts (again see earlier posts).

Then the crap company results start to roll in.

I'm removing stocks from my portfolio in Q1. Bonds only for a while. And Index puts.

The A.I. question is important. The Hype is enormous, and it's helping this rally. How near is it? No one knows. Nearer than once thought, probably. Hypers will hype. I have significant doubts about the ability of corporates to monetize it fast enough to halt the decline, even if A.G.I. is only a year or so away.

DO NOT SHORT THIS!

Wait, close longs, then consider puts.

The COT Tool you can get free from our website. It shows the big boys shorting this rally, because they have unimaginably high inventories and can short it forever. You can't. They know it's going down when they are ready.