This is a rare and exciting example of a bubble that popped.
Testing the theory that the best time to buy is when there's blood in the streets, would anybody buy this stock now?
Well I don't imagine many people would buy now. I'm not tellin' what I'm doing!
This is not a recommendation to trade securities. If you take a position and lose your money, kindly...
This is just the worst case scenario, don't take it too seriously. BTW it is still a possibility considering that stocks were in a bubble pumped artificially by the FED. We'll check at least 2 years from now.
This is the weekly chart of Savills PLC, real estate provider.
I rarely trade stocks, but sometimes I see an opportunity that piques my interest, because it a) has an interesting chart and b) fits into my fundamental world view.
In this case, I believe that housing is over-leveraged, and is 'affordable' only as a result of an artificially low interest rate...
BiTCOiN ?!? Well.... well..hummm...not so well in fact for the all mighty King BiTCOiN. The closure of Friday suggests another wave of sales...with a little 50% down target (these are performances normal for cryptos and not only towards the upside). While pushing the forecast for a drop of 70% in 1 month. So I would definitely continue to sell the Futures on...
The above chart should be considered in conjunction with the one covering the 2017 bull market, which is linked below.
The above is only my opinion and is not investment advice. I am frequently wrong in my analysis.