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Thank you for posting this. Mannarino is a champ.
“Freak Show Tomorrow???” Yes, there is an excellent chance it could happen tomorrow. However, there is an excellent chance it could happen over the next several months. Do I expect a GREAT stock market crash, economic crash and financial crash to happen at sometime over the next several months? Yes, I do. It is related to what is known as the year of Shemitah and the wake that immediately follows it. Some of the worst market, economic and financial calamities in modern history have occurred in those years and the months that immediately follow after. We are currently in the Shemitah year of 2021-2022. God’s blessings to all.
Take it with a grain of salt folks. I make a portion of my income off trading the market. Things are not good right now, you should definitely reduce your exposure. However predicting the day the markets going to crash is a fools game. Fed announcement nothwithstanding. You should actually be positioned before the announcement, but I digress.
2 absolutely true FACTS I have learned in the 25 years I’ve been doing this:
1. The market can stay irrational far longer than you have capital
2. The market will cause the maximum amount of pain to the most individuals
The two are intertwined. Know when to get out of the way. The trend is your friend: we are in a dead cat bounce, more downside ahead, shortly, yes, but probably not today. Everyone is expecting it to go down, and are positioned for it, ergo it will go up instead (max pain principle).
Agree. The insiders know and make a killing and the rest of us try to figure out when to buy or sell.
Just check with Pauli and Nancy Pelosi. They will let you know when it is about to happen.