Thus far the BEAR market of 2018 & 2019 is IDENTICAL to that of 2007 and 1970s and 1929 crash. The first part of a BEAR is called Wave 1 down. The reason the CROWD misses the warning inherent in Wave 1 is because they have extrapolated the current trend to infinity. They never grasp or dig that it will come to an end.
Then during the first recovery upwave they like at ET go, “see it was all a hoax there is NO danger”
Wave 3 down comes next when they are loaded to the hilt in complacency, catches ‘em by surprise. They get slaughtered.
Here’s how BEAR came this time (2018, 2019) and at those times mentioned above. .......
It came with a surrealistic slowness ... so gradually that on the one hand it was possible to live through a good part of it without realizing that it was happening and on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun.
Amen!
Not meant for T2W readers - the post does not even belong in this century.
But hey, you never know, there might just be one or two fellas who wander in here and accidentally bump into this - there are no accidents - its all serendipitous when its good. The HERD's quadrillions perish but the handful who dare to be different get the gift of serendipity bestowed on them.
So dig this: see quote above from when Fibo was brand new at T2W. PRESCIENCE? Yeah baby! Repeated below now. Reminder and focus should be on the best possible example being London since I am posting this in London, a small friggin island that thinks its
the world - that alone tells you the BEAR is in its very early stages like almost ain't begun YET. In the months to come, the fat and gassing of Brits will bring them to their knees and make them humble - and that's a good thing. BEAR markets do this sort of thing. THEY take a fella back to simplicity of, "who the fck are you?" NOBODY
London represented by the core 30 T2W members were bellowing how there is no BEAR, there is no problem, there is nothing going on, everything is easy, hunky-dory all thru' 2020 .........................
exactly as Fibo said they would say and I said this 2 years ago but only 1 year ago at T2W
After the first wave of coronavirus was over, London started scoffing and boasting and blowing gas out the ass that it was all over and
what a fake feeble BEAR,
a sort of limp d**k. During the recovery wave, London then poured on the coal on optimism, brashness and the biggest killer disease of all, namely COMPLACENCY
Which T2W member holds the highest mortal sin of COMPLACENCY? I know what you're thinking but its not Postman or counter-violent or Rufus_Leakey. Its a girl named new_trader who can be found in the Journals section.
This gal rode Gold down for 3 years and all the while buying up a storm with her entire nest egg, didn't mention anything about how many heartattacks she had during this period and then has the gall to come back and say tht Gold proved her right when it turned around after 3 years of BEAR and went north. Then dig this: she continued holding for a loss of $300/ounce, hoping now that it will go back up again - and all the while totally forgettinging that she is at a place called
T R A D E 2 W I N ....... and not Buy & Hold to die of heart attacks
Nobody ever got the message home to this girlie to just simply TRADE, TRADE, TRADE instead of buy and hold which only savvy investors CAN do because TRADING must be the major component of Investing.
Then go look in her Journal at the exact date of the coronavirus crash and see her comment, "ond small ctrash for 4 days and the BEARS come out of the woodwork and dance" = she never saw the greatest crash in History coming and dig this, "rode it all the way to the bottom" ..... and then dig this further, the very next day, March 24th after the bottom was in, when about her normal business of posting like nothing untoward had ever happened!!!!!!!!!!!!!!!!!
Burn this f***in place down, Sharky and start from scratch. You deserve better!
Sad, sad, sad
Like I said a year ago ................. then the next wave came .......................
It came with a surrealistic slowness ... so gradually that on the one hand it was possible to live through a good part of it without realizing that it was happening and on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun.