Utter Destruction

The pain to be felt worldwide will be shocking in two to three years time.

The collapse of the everything bubble will destroy financial markets as the great de-leveraging begins. The pain will last for many years. All risk assets are in bubbles. People will not be able to afford basic necessities anymore. I am expecting there to be deflation first as money velocity collapses despite money supply then stagflation.

I predicted COVID-19 to be as huge as it was. This coming economic disaster will be worse and may lead to war.

What is happening in the financial markets is disgusting. The fear of missing out is insane. If SPX exceeds 3550, everything I track is wrong. My charts are wrong, breadth is wrong, sentiment is wrong, the people I follow are wrong. 

I have lost over $1 million shorting the market from SPX 3000 and have been crushed. However, I have seen this before. I witnessed the IPO bubble in 2007, the China bubble, the resources bubble, the property bubble, the Bitcoin bubble. They all end the same way. Only this time it will be far worse.