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Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Friday, May 27, 2022

Bull Market Alive

 Death of this bull market I think has been premature.  I covered my shorts, and went long early last week (a tad bit early).

This final bull hurrah is the precursor to the final multi-year decline.  What happened over the last few months is EVERYONE became bearish.  As a contrarian that invoked my interest to look at the youtubers I follow for feedback.  Two of them called for a reversal, and one of them is even calling for approaching and/or making new highs.  I am unsure if we will get to new highs, but what I do know is for a multi-year low, everyone must be sucked into the market before the decline can start in earnest.

I will post the investment strategy I am looking to execute on for the next 5-10 years in anticipation that the world will see great growth, it just may not be in the USA.

China is NOT going to get out of this anytime soon, India is what I am looking to invest in.

In any case , I went long ARKK and TQQQ.  I did take some off the table at the close today in anticipation nothing goes in a straight line.

Good luck!