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The Stock Market Peak Has PASSED
One can pay attention to the stock market going down one day and up the next. However, for weeks nobody has been talking about the obvious. That the market is not climbing any higher. It is dynamically static. This could be a good thing if it were going to remain that way but it will not.
This is a sign of the impending collapse which I have predicted for several years. In truth, the crash would have happened in 2019 if the Fed had not been supporting the market through operations I have talked about on numerous occasions. Not going to review all of those actions here.
One thing is certain, the Fed announced the intent to begin tapering. That does not mean they are going to unwind the balance sheet any time soon. It just means they are slowing down on how much they are pumping into the market. However, that is enough to make stock speculators cautious. Cautious means taking less risk.
I have stated since 2019 (or longer) that once the market stabilizes, there will be no place to go but down. Stock market speculators do not place their money in the market as a savings account. They place their money in the market to make more money. They know as well as I do that keeping their money in the market when the market is static rather than climbing…
