The first significant decline in the stock market since the bottom from last year has many people guessing whether this is a buying opportunity or the start of something more serious.
I still do not understand why people can’t even remember simple structural biases after more than 100 years of the existence of the US stock market. This is election year with a fake Democrat President – selling into election day from late July is one of the most consistent biases over all these years. As usual, humans choose to ignore facts laying right before their eyes.
Here is a clip of Jordan Peterson talking with Elon Musk about the future of USA. I don’t agree with Musk that US is still a great country. The chaos in many large cities there are already out of control. There is no way to stop this slippery slope from sending US into total chaos in coming years. This is why those who are wealthy like Ray Dalio chose to leave US.
Here is an interesting video about these AI bots predicting that China will invade Taiwan (this year). As I explained many times here, the madness in the financial markets is the result of retails entering the space at this final stage of the game. One sign of such madness is that all risk factors outside of the financial markets are ignored. What that implies is that a serious correction in the stock market is likely.
I find this documentary fascinating – it makes perfect sense how much money the Vatican has due to its longevity that no country in modern times can be compared with. What I wonder is that what else Vatican has done that the world has no idea of?
Back to work on our projects … busy week ahead.
Have a great weekend all!
