High Agency - self sovereignty, well-being, power (various forms of capital)
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Every time there’s a 100+ point relief bounce in $SPX, bottom callers emerge.
Attempting to time a bottom has proven to be one of the least profitable strategies.
These relief rallies and bottom callers are the reason the bear market roars on.
Bear markets don’t end overnight.
OK. sorry to be a bummer but it's that time again: tax liquidity drain time say hi to the sept 15th tax date. the previous 2 tax drains were a real bummer (4/15 & 6/15) and this one should be similar in size to june. peak drain weds 9/14 and ends 9/23. ~$145B total drain expected
@HardisonLance@SherriBoatQueen Liquidity, big players positioning, profit taking from the day. Market makers make most closing at certain prices (max pain) and chopping price around during the day. News also tends to be released at open or close. These are just observations could be wrong!
@DrProfitCrypto Not exactly how this works and in BTC crashed miner capitulation is one of the hallmarks towards the end of the cycle. No reason to think it won’t happen this cycle likely between now and dec
The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though - make sure to update your clients!
The 60/40 portfolio — a mix of 60% stocks and 40% bonds — was down 19.4% year-to-date through the end of August, on track for its worst year since 1936 —BofA