Shorting is the way to go. The longs are foolish I mean how could you be long when the US economy is fake. It has been nothing but one big ponzi scheme that is finally blowing up.
I mean people really think that paying someone 30K a year after they had to blow 4 years of earnings in school, graduating with 60K debt and homes costing 400-500K and hiring towelheads from india instead of our young graduates is somehow smart moving or moving our industrial output to a commie country. So many PHds ended up working in these financial companies figuring out how to polish a turd instead of making something tangible.
Either the cost of living has to go down or salaries go up to match. When either reaches equilibrium then I will say start going long.
Till then I will stay short the USA.
The DOW and the S&P still has a long ride down.
I mean people really think that paying someone 30K a year after they had to blow 4 years of earnings in school, graduating with 60K debt and homes costing 400-500K and hiring towelheads from india instead of our young graduates is somehow smart moving or moving our industrial output to a commie country. So many PHds ended up working in these financial companies figuring out how to polish a turd instead of making something tangible.
Either the cost of living has to go down or salaries go up to match. When either reaches equilibrium then I will say start going long.
Till then I will stay short the USA.
The DOW and the S&P still has a long ride down.