The stockmarket is toxic! It’s very important that you don’t get seduced by the old siren song of Wall St about “buying the dip” and other nonsense like “being selective”. While these strategies have worked up to now, they won’t any longer, because we are now in a bearmarket, and furthermore it looks like we are on the verge of another plunge.
The past few weeks have been momentous. The stockmarket has finally broken down from the huge bearish Rising Wedge that we had delineated many months ago, as shown on the 8-year chart for the S&P500 index below. The validity and importance of this Wedge is amply demonstrated by the fact that after the index broke down from it, it plunged.
Here at clivemaund.com we have already racked up big gains on this collapse thus far, having bought a raft of bear ETFs on 1st August close to the market peak and Puts on 7th August and again on 21st as the crash started, and we are in position to make massive gains if the market proceeds to plunge further as expected and stand ready to exit our positions the moment it looks like the 2nd oversold trough is at hand.
Reprinted with permission from CliveMaund.com.
Helix Deluxe Hardback ... Check Amazon for Pricing.
SentrySafe H2300CG Wat... Check Amazon for Pricing.
Hidden Safe Fake House... Buy New $19.75 (as of 12:50 UTC - Details)
Double Diversion Book ... Check Amazon for Pricing.