Back to the past - 2008 - is this our future?
In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020.
This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities).
This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable.
Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions.
Do NOT be influenced to make trading decisions based on this post. You have been told.
This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities).
This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable.
Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions.
Do NOT be influenced to make trading decisions based on this post. You have been told.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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