Not really a believer in simply following past fractals, but anyway... (I do expect the price to diverge from the fractal pretty soon)
This obviously just the dotcom crash pasted on. So far so good! I do expect a rebound in stocks this year for the simple reason that opportunities cycle with the money:
If investors fear recession they will seLl their predominantly US-based assets and swap the USD for their own native currencies. Eventually dollar becomes an attractive buy for speculators and they start accumulating, thus driving up the exchange rate (I believe this is what just happened with the $DXY). After the shock of the initial crash wears off and some new measures are announced by government and the FED, these speculators then start buying dollar-denominated assets again. So we should see a rally in the coming months. But that crash was yuuuge.... markets are messed up bigly.
Here some dude's chart (dunno really):
This obviously just the dotcom crash pasted on. So far so good! I do expect a rebound in stocks this year for the simple reason that opportunities cycle with the money:
If investors fear recession they will seLl their predominantly US-based assets and swap the USD for their own native currencies. Eventually dollar becomes an attractive buy for speculators and they start accumulating, thus driving up the exchange rate (I believe this is what just happened with the $DXY). After the shock of the initial crash wears off and some new measures are announced by government and the FED, these speculators then start buying dollar-denominated assets again. So we should see a rally in the coming months. But that crash was yuuuge.... markets are messed up bigly.
Here some dude's chart (dunno really):
