World War Bitcoin
6.8K posts




$ZBCN Has finally ground itself down to an attractive level and filled a major gap. If it holds support and can break through major trendline resistance, it would be a strong buy.



This is a VERY important chart to consider. Let me share a few thoughts. First, a slightly contrarian take. I think this time is going to be a little bit different. 10 years from now, we'll see better than a 2% return in the S&P 500. Why? Because our mindset towards sitting in cash had a fundamental shift after the great debasement of 2020. Who is going to be willing to ride this out in cash for the next 10 years? But..... Second point, our expectation for returns in the S&P 500 should be that we would not expect those returns to keep up with inflation. The purchasing power of the dollar value of our stocks will be less ten years from now than today. With that in mind..... Third point, something has to increase in its dollar valuation over the next decade. And there's an obvious answer... commodities. You can clearly see seasons in which stocks run hard and then there's a prolonged rotation to commodities. The 2000s was a lost decade for stocks. Commodities ran hard until their 2012 peak. The 70s was also a lost decade for stocks. Commodities had a major run. We're likely about 25-35% of the way through a run in commodities where stocks sit on the sidelines. The peak for the S&P 500 in its gold valuation was November of 2021. Same for the NASDAQ. The peak for the Dow Jones in its gold valuation was 2018. That doesn't mean that it will be a straight line up for gold, and we're actually due for a dead cat bounce for stocks measured in gold, but metals and other commodities will likely be a superior play for the next several years.


Howard Marks: "When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE!"




@WWBitcoin How can I be certain? Not only are we in a bear market and the 2022 fractal is playing out, check this: youtu.be/2l7m1eE6T8Q?si… Also worth noting, we had declining volume as price went up. It was a classic fakeout. We got it in the last death cross.We're dropping +40% in 12 days




The World Uncertainty Index just hit 105,000, the highest level in recorded history. Higher than Covid. Higher than 9/11. Higher than the Iraq War and the Global Financial Crisis combined.





