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Joined 2 years ago
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Cake day: July 26th, 2023

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  • “Technical” analysis is bullshit. There are enough value based indicators that show why the US stock market is going to have a rough time in the coming years without this hocus pocus speak.

    E.g. the combined P/E of all stocks on the NYSE is over 25 while that of Nasdaq is over 29. That indicates a massive bubble as this ratio historically averages around 20.

    This was already under Biden, Trump is just triggering the correction with his ineptitude instead of some outside factor. The fact he, unlike Biden, is not even trying to resolve the underlying causes will just make it worse.