According to weekly charts we are at the top of a new bearish wave. He may be wrong about the exact point, but we know it's not all roses.
Goldman is one of the big 5 banks, they are a part of the fed reserve bank. So we know they aren't to be trusted. Especially if you aren't part of the elite club.
The old phrase goes "Buy the rumour, sell the news." Well all the news has been that we are in 'an official bull market.'
Buffet always says be fearful when everyone is greedy. All bulls are now sounding greedy... be fearful.
Look at all the non megacap ai firms, few are making money. (Like top ai picks in the asx like appen and brainchip) The megacap are profiting off of ai because of their base in more traditional tech.
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