It’s hard to be a saint in the city, but I feel that the collapse of 2022 has begun, and it's about to get a lot worse.
Already, investors have lost $15 trillion in value, the worst destruction of wealth since the Great Depression.
Already you see dozens and dozens of high flying great stocks valued in the $400’s down to double digits.
This time the gov is not going to bail out stock speculators. There will be no juicing.
Stocks bonds real estate funds; I feel there is a very strong case being made that they are all reverting to 2015-2019 pricing
Things you thought were safe are not safe. We even have mortgage speculators telling you to draw money out of your house because your valuations will go down. What they don’t tell you is that you’ll be further in debt during trying times
Crypto——> nope
I’m not scared and you shouldn’t be either. But you should be smart and protect the assets you have in this major major downturn ahead
I’ve read so many testimonials about young people losing their life savings trying to chase a moon in the sky they never get closer to even with rocket emojis powered on hopium
Everything will revert to the mean
And you can get fantastically wealthy or end in the poor house
For 20 years I could do no wrong in my investment strategy. I have protected my profits and original cash and you should too.
Now I see a market of wizards pumping and dumping in cycles even as we see the crisis ahead, with too many scratching their head in the sand and saying what crisis (plural)
Be careful and be kind to one another
It’s just money
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