Buy, that's how the 1% makes money.
Sentiment: Strong Buy
Actually, it is the EXACT opposite!
Joseph Kennedy (first NYSE Chairman)
made a ton of money in the Great Depression.
Not by bootlegging.
That was before the Depression.
How many people became rich in 2008 and 1998
You just short and watch as the middle class destroys itself
How many hundreds of companies no longer even exist?
That's a home run.
You need ONLY one transaction.
Look at the US techs collapse - with no bottom in sight.
That was then. Now the market is way Overbought. The 1% makes money by doing the opposite of the 99%. When everyone is selling, they're buying.
The question is....how much blood? A drop or a few thousand drained bodies worth. Right now....it's a drop.
SPY is even below 50 ma or let alone 200 ma. So you know its just a pullback.