❇️ SUCKERS RALLY: STOCKS, BITCOIN, CRYPTO, REAL ESTATE, GOLD? 📊

in OCD4 years ago (edited)

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It seems to me that the "Stock Market" is currently in the "Complacency Stage" of the Psychology of the Market Cycle. 📈 📉

Can I be 100% wrong? Hell Yes I can... but it seems that we are experiencing a Stock Market suckers rally in the last couple of days.

*What Is a Sucker Rally? A sucker rally describes a price increase which quickly reverses course to the downside. Sucker rallies often occur during a bear market, where rallies are short-lived.

My question is, how the hell did the Stock Market pump when the jobs report stated that 3.3 million filed for unemployment (the most ever in history) last week? Can you Say WTF?! 🤦

This is the just the beginning, with the COVID-19 Epidemic "locking down" over 2 billion people and closing most business worldwide... analysis are showing that we can experience 20%-30% unemployment in the United States in the coming months that may last for years. 📆

We may be experiencing the "complacency phase" in the psychology of a market cycle cheat sheet right now.

I'm seeing lots people saying: "buy the dip", Fed is printing money and buying stocks, a recover is coming etc... etc... blah, blah, blah. 😏

I heard this all before and I believe this "rally" is just a trick to get more of the wealthy people to dump all their stocks and assets one last time. 📊

So what about cryptos and bitcoin? 🤷‍♂️

When people are in fear and have no money to live, do you think they are going to invest in cryptocurrencies? I don't think so. Most people are going to be more worried about getting shelter, food and stuff just to survive.

Bitcoin on the other hand may have a chance and it must "prove" itself this time around (in the coming recession) that it can become a "safe heaven" asset.

What about Gold and Precious Metals?

Well this is a different story. Gold has been "money" and a "safe heaven" for almost 5000 years. With all the central banks and governments printing trillions fo dollars, they are also stackin' shit load of gold and probably the only asset to preserve your wealth.

There is no coming back from all this "debt" around the world and in the next few years, I believe a a total reset will happen and new monetary system will come out of all this.

How will they do this? Every country, government and bank will create their own digital currency with their own blockchain... and guess what?

It will be backed by... GOLD not Bitcoin.

What about Real Estate?

I only have one thing to say... get the fuck out unless you "love" where you live for the next 10 years! (Goodbye Equity) 😂 I can see a 50% retrace in the real estate markets in the coming years starting in 2021.

The housing market won't crash inlstatnously but will gradually decrease and it will take about 3 years to reach its bottom (foreclosure heaven).

Take everything I say with a grain of salt... I'm just laying out the facts but I can be completely wrong. However, having a game plan is more crucial than ever and it's better than waiting for things to happen so one can react later unprepared. 🙇

I'm not saying this will start now and this whole facade financial system can last a little longer but once 2021 hits... "all hands abandon ship!"... that was my nerdy star trek phrase. 😂

Keep on STACKIN! 😎

~ Charles Fuchs

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How much we run after this crypto coin, now days are becoming worthless just for 135 nano meter of single cell germ!!

Yes, this is a real bleak picture, and I think stocks will still fall more!!

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