I’m out. The market is too crazy.
Over the years I’ve called all the crashes, from stocks to Crypto. I sell the top and buy the bottom. I sounds like a lie but its all on here on Forbes where I’ve written for 20+ years.
So Im calling another crash. Im not sure but I’m not prepared to wait and find out I was right. Im happy to be wrong and be safe.
I'm out. Out of everything. I don't care whether the market or any favourite stock is going go to the moon at some point. I don't care whether it's copper and there's not enough of it forever. I'm out, gone, completely to cash. This market is madness and it's completely unpredictable. Well actually no it's starting to feel very predictable. When I look at the chart, what I see is the American markets are now no longer on trend or rather they are on a new trend and the trend is down.
That looks like the beginning of an almighty crash to me.
If it doesn't crash, it will be because of some jiggery-pokery by the Fed or by the Treasury and you can't predict that and I’m not going to rely on it.
I just want to be sat in cash and let this mess blow over.
When it blowns over, I will take my winnings and reenter. I was on this liner and there is this iceberg, so I not going to sit near a lifeboat, I’m going climb in it, until its behind us and if I look a fool, so be it.
The NASDAQ, which is the master market, is breaking and if it cracks it is going down a long way.
Well, the only thing that's going to save it is some kind of automagic.
That's not a market I want to be in. So I'm completely out.
I don't care whether I sold great companies. I don't care whether the future's AI. I don't care about that at all. All I care about now is capital preservation. Inflation might gnaw at it for a bit, but Im not letting US v Iran run it through the shredder.
The reason this market is so volatile is it's risk off, risk on, money out, money in dynamics based on what Trump tweets and simply dicing with financial catastrophy.
I might be right. I might be wrong, but until the dust settles I’ll be on the sidelines.
This might be a crash or a proper bear market. A bear market is foreign to this modern reality that people don’t even know what it is. Its not a market that has fallen a lot, it’s a market that is trending down long term. Until the middle east situation is settled (Settled?!?) we could well be in a bear market for an extended period.
I won't stop here just because I'm all cashed out. Getting back in at the right moment is going to be a big opportunity to make great returns.