And they are patient af.
And by "they".. you mean Millennials haha who grew up engrained in instant gratification culture. Let's not even mention the generation right after me growing up in even more tech luxury lol.. the easiest money grab of 'money shifting from the patient & most disciplined to the least patient & least disciplined' in history!
You and @DrWumbo make great points. I agree with both of ya'll in that some accumulation has happened by big money as they can really only buy on the way down without being spotted. However; I think most of the big money is waiting for the drops from $4,500 to $2,500 with their buy orders.
After that, they will try to accumulate more once a true bottom is hit and it ranges for ______ year(s). I guess the only thing we don't see eye to eye on is the 'blank' of years. I lean towards at least 1 before we see some really early signals of a possible early & weak bull uptrend.. at the absolute earliest, I'd say maybe (a strong maybe) May 2019.
I think seeing how the global financial markets progress over the next months will tell us a lot.
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