Loading ...I think you are right. Nenner is on the same page too. He has called every crash since ’87.
The next time the Dow closes down 2k it could just keep going to 10k in short order.
And it makes sense because this is exactly what Hillary and Obama need to make sure Trump doesn’t get re-elected. So their operatives on Wall Street will let it happen. If he gets back in he will try to toss them in jail.
On top of that, the bearish speculators / hedgers are broken. They cannot short stocks / buy puts anymore. In fact, they are buying the dips via derivatives (index calls) attempting to play counter-trend moves. Just think of PM stocks in 2013 to get an idea of what can happen to the broads with the speculators on the wrong page.
Here comes a ’29 style plunge down 90% that does not recover.
If Trump gets back in despite this it won’t be good, but at least it would be better than having a full blown China style authoritarian in charge who will throw in a reconditioning camp (or shoot you) for going out of your house without permission.
Cheers