Been sitting on it for about 2 years now, not making much noise. It is just their, I pay it no mind at this point.Man, my dumba** got caught holding NVDA . Kinda want to take the L and just claim it on my taxes for next year, so I can at least free up some money for other trades.
Mike Wilson da GoatYup, rising unemployment will be the final trigger, still not there yet but we already have had negative revisions to the jobs number for the past 3 months in a row, which is a bad sign.
This is by Morgan Stanley, some interesting charts to look at. I'm getting more and more bearish about this market, I don't think rate cuts and QE will do anything to stop the decline.
It's a very good warning sign that a recession is coming soon, 10 year/2 year yield curve inversion preceded all previous recessions in the past 40 years, most recently in 2007.
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