In 2005, Predicted the collapse of the subprime mortgage market
-> Housing market crashes in 2008, Global Financial Crisis.
On Dec 2015, he predicted that the stock market would crash within the next few months.
-> SPX +11% Next 12 months
On May 2017, he predicted a global financial meltdown-> SPX +19% Next 12 months
On Sept 2019, he predicted that the stock market would crash due to a bubble in index ETFs -> SPX +15% Next 12 months
On March 2020, he revealed a massive bearish bet-
> SPX +72% Next 12 months
On Feb 2021, he predicted that the stock market would crash due to a speculative bubble. Shorts Tesla.
-> SPX +16% Next 12 months
On Sept 2022, he predicted that the stock market warned of more failures, bottom not hit yet.
-> SPX +21% Next 11 months
On Jan 2023, he predicts a recession and new round of inflation. Says “ SELL”
-> SPX +17% Year to Date
On Aug 2023, Reveals Short Positions on the SPY and QQQ
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Future economic growth is going to come from services, not just building and selling more stuff. The reason people are so excited about AI and tech is for the first time ever we have a way to grow labor productivity in the service sector. Maybe even get manufacturing economy growth rates in a service based economy.
GDPNow was increased to 5.0% for Q3 2023. How likely is a stock market crash during such a quarter or during the next one???
Trend lines of Q’s lows in recent uptrend seem to suggest we will bounce off 360. Thoughts?