What you wrote here you could write every time, and yet, since end of June 2016, a week after the BrExit, trying to short the market based on such thoughts would have made you lose at almost every moment, and in the very rare moments when you got lucky, you would not have earned nearly as much as holding and riding the tide, which is guaranteed to rise over time due to inflation.
Once in a while, they let it crash, but trying to predict it based on yield curve invertion, or profit multipliers, or short term data like job reports or CPI or PPI or rate hikes fails more than delivers when trying to predict crashes like Gregory tries to sell here in order to get an interview in a doom and gloom channel of gold and silver sales business.
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Of course, I'm not suggesting that anyone short the market, just that even if "they" are competent, they can't be relied on to continue to manage it upwards. There will be a crash at some point, their always is and the insiders will know just when to short. Does it have anything to do with flattening yield curves? F'ked if I know. It probably has more to do with whether Trump really wants to run for second term or not. I won't be betting the house one way or the other.
"Long" markets indeed is an easier trade, even in this new environment of the last couple months.