RE: Breakout imminent26 Mar 2021 19:38
Whilst I agree the (big) correction is coming...........with the recent comments of the central banks and governments, stating they will support 'the system' for as long as it takes.......I'm putting note in the diary for 2023.
Thinking through the 'no bridge/bridge to nowhere' thought process, the powers that be are too heavily invested to drop the ball at this late stage.
The word on the street is that pent up demand for the populous to squander money on absolute ****e, is huge. This will play into the markets and the coffers of businesses pandering to the needs of the 'must spend money' crowd.
So, I think we have space to breathe.
However, I think it would be a mistake to consider a particular sector, market or share to be immune to the 'correction'.
When it comes, it will be all encompassing.
But WTFDIK.
Have a beer and enjoy the ride!!