"The crash that's coming is going to be bigger than the dotcom bubble, therefore I'm not participating in the markets."
Pessimists often miss major upside in the market because they struggle to align their personal bias with what the price action is actually showing.
Even if there is a massive crash coming in the future, as long as you have a system...
You would have mase so much money trading the upside that when it does come you will simply get stopped out on your positions and collect.
Your role as a trader isn’t to predict the future...
it’s to adapt to the market conditions unfolding in real time.
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SUMMARY OF FED CHAIR POWELL'S SPEECH (8/22/25):
1. Shifting balance of risks "may warrant adjusting policy"
2. Suggests downside risks to employment are rising
3. Labor supply has softened in-line with demand
4. Fed abandoning flexible average inflation targeting framework
5. Can't take stable inflation expectations "for granted"
The Fed is preparing for a September rate cut.