Why Everyone’s Bearish | Forex Factory

  • Why Everyone’s Bearish

    From theirrelevantinvestor.com

    Are things really that bad? Looking at some of the sentiment data, you would think the unemployment is 10% and the stock market is down 50%. The most recent BofA Global Fund Manager Survey is pretty gnarly. You have the lowest reading of “managers expecting a stronger economy” since The Great Financial Crisis. chart The last time average cash balances were this high was after the dotcom bubble burst. chart Investors are getting bearish, but consumers have had their heads between their knees for months already, bracing for impact. Josh and I were talking about this last night; we’ve never seen confidence ... (full story)

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traderathome
May 18, 2022 4:04pm
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"....we’ve never seen confidence this low outside of a recession......" There is one damn good reason for all of this.

Most people have very little money left, or have already run out.....and with NO GOOD PROSPECTS for change in sight!

The world, like a runner sprinting to the Finish Line, is about to complete the transition to there being only two economic classes: the super-rich and the poor.

The mentioned lack of confidence refers to the confidence the super-rich have that their businesses will continue to thrive. The damn good reason for their lack of confidence is that coming soon nobody but themselves will be able to afford what they sell!

For too many decades now, the distribution of wealth created by real WORK has been mismanaged.....far too much going to corporate LARD and far to little going to creative LABOR. The control and self-serving decision making has all been in the hands of the wrong people. And now they are losing confidence.

And rightfully so! Their laziness, stupidity and greed has all but killed the geese that were laying the golden eggs.
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