Beartrap, summer honeymoon.

2008 sp did 50% correction
Covid sp did 33% correction
Now sp did only a 20% correction, while there is war, covid, double digit inflitation all over the world, recession, suply issues, ... so this patetic 20% bear move is just classic people still having hopium its temporary, while its worse than last 2 crisis combined.

Its the same with crypto assets, where we see a summer rally...

And Why? Because inflation dropped one month by a misserable 0,4% sudenly everything is sunshine again?
Guess when retail will have to pay for heating in the winter most will understand and sell whatever stock or crypto they have, or when food will become scarse because of the unseen heatwaves this summer destroying many crops.

We only had 4 eliot waves, still need the big flush out, the last 5th wave, and its gonna be huge i think.
Im dca'ing back into crypto and etf, after the next crash.
Id rather be wrong and miss the bottem, than right and see it drop further to -50%

I really dont get all the positive moon hopium...
just look around you, does this look like good times to suport a bull rally, when the whole lower middleclass is getting wiped out into poverty?

Just my 2c... im not a doompermabear but really, the titanic is sinking, no matter how nice the violin sounds.