I don’t know what all the doom ‘n gloom is about. Considering the “12 year run straight up” – doesn’t it just makes sense ( as we’ve seen repeated time and time again ) that things take their “more than expected” turn lower?
This is far to early in the daily cycle to consider “a bottom” and we’ve also got to take into consideration the weekly, monthly and yearly cycles now in play.
There are millions of ways to play down turns via Vix purchase or short U.S.D trades….there’s inverse ETF’s and crypto currency which is now expected to rise moving into the Bitcoin halving. One could even consider gold but as you’ve recently seen – Bitcoin is the new gold.
Most overvalued stock market ever
Tavi Costa and Kevin Smith of Crescat Capital presented their updated macro model in a recent YouTube video. This is a good article: https://www.zerohedge.com/news/2020-03-02/these-recession-signals-are-flashing-red
Based on fundamental measures they track, the stock market is the most overvalued it has ever been. They describe it as a “speculative mania,” adding that the measurements are higher than the tech bubble.
But people still think this time will be different? Isn’t this the definition of insanity? Doing the same thing over and over with expectations of a different result?