I posted what is below a few months ago and got downvoted along with a bunch of comments saying I did not know what I was talking about. People went on to say that when clowns like myself say we are not close to a bottom that the bottom has been in and we are ready for a massive rally. I also mentioned shorting the RSX and buying the SQQQ in another post and got downvoted for that as well and everyone told me I was an amateur and would suffer. Update: I am doing pretty well.
Literally had people like laowai0 and leli_manning responding to everything I said and going against it and they were getting upvoted for it. So my question is, where are all of you now? Everything I said is correct and the funny part is the bottom is still to come. This was all extremely easy to foresee. Yes…I am gloating.
Posted byu/Potential-Guide-95623 months ago
Why I'm Bearish
- Interest rates r not priced in as no one knows what they will be. Additionally, analysts base their goofy PTs/DCFs off the 10 year, which will change, which will cause analysts to slash said PTs.
- GDP is whateverish and unemployment is extremely contaminated data.
- No one has any idea what inflation is at. If you use the old metrics it would show us at around 16%. The amount of money this country printed and gave away is unreal. Wages cannot match.
- If Russia invades, it will affect gas, neon, palladium, etc. n screw everyone.
- Supply chain is a little better, but we are months if not a year or two away from getting back. People do not want to work and wages are an issue…a major one.
- Deaths are still high with Covid. Winter is ending and we might be in a downtrend, but herd immunity with this sort of virus is not permanent…short-lived in fact. Additionally it could mutate and we all could die.
In summation, I am bearish. That is not to say that I will not buy when we find the bottom. 7(freebee). Stocks are still overvalued, like NVDA for example, which needs to come way down. When they do, I will take my short/inverse gains and buy them.
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