šØTHE NEXT 15 DAYS. DAY BY DAY. MY STOCK MARKET PREDICTION. BOOKMARK THIS.
24 hours ago the Nasdaq 100 fell 6.4%. Its worst day since the COVID crash.
A few hours ago Korea's market fell so fast it triggered a circuit breaker. Japan and Taiwan are now officially in a bear market.
Everyone is calling it a dip. It's not a dip. This was DAY 1.
š NEXT 48 HOURS
ā The jobs report. Weak = recession fear. Strong = more rate hikes. Both hurt.
ā Weekend margin calls. Funds that bought chips with borrowed money have to sell on Monday.
š DAYS 3-4
ā US futures open Sunday night in the red
ā Korea and Japan open Monday into a second wave
ā The "buy the dip" crowd buys again. And loses again.
š DAYS 5-7
ā Tuesday: the inflation report. The last one was 3.7%.
ā The Fed already RAISED rates in September. A Fed president said 24 hours ago they "will have to raise interest rates further."
ā A hot number and the Nasdaq hits -20% from its top. Official bear market.
š DAYS 8-10
ā Hedge funds just made their biggest October sell-off in at least 10 years. They are not done.
ā The S&P 500 breaks -10%. "Correction" headlines everywhere.
ā Bitcoin loses $70,000
š DAYS 11-13
ā November 17: Nvidia reports. The whole AI trade rides on one call.
ā Big Tech is spending up to $828 billion on AI this year. 4 of the 5 biggest spenders burned cash last quarter.
ā One weak number and the AI trade breaks for real.
š DAYS 14-15
ā November 20: monthly options expiry. Forced selling meets forced selling.
ā Chips are already down 38% from the top. Korea is down 44%. The US is next.
ā This is the day "correction" becomes CRASH.
That's my call. Every step already has a date, a number or a quote behind it.
My view: when this is over, 2008 and the dot-com crash will look small.
Bookmark this. Come back November 20.
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