Sell Dow above 36,000, NASDAQ above 16,000, S&P above 4,500,Sell Bitcoin now $57 227
As I said in ISL #739 TIME TO LIGHTEN-UP ON ANY FURTHER MARKET RISE! The time has come to put an end to this foolishness. Things keep on getting worse and the stock market keeps going higher. Covid 19 is persistent and is not going away. Inflation is rising and is not going away. The US Federal debt is over $30 trillion dollars and is growing. US Federal spending is $6.2 trillion and tax revenue is $4.2 trillion ($12,000 per person) for a $2 trillion deficit. $30 trillion is a debt of $243,000 per tax payer and $91,000 per tax citizen. The US federal debt to GDP was in 1980 34.5%, 2000 57.9% and in 2021 127%. The unwritten rule is anything above $100% is dangerous! Total US and State debt to GDP is 142%. Here is the scariest statistic: Currency and Credit Derivatives are $600 trillion. It was only $90 trillion and that caused trouble in the banking system. So, in 2022: SELL/SELL/SELL
Why is the China stock market at a 5 year low. Something is wrong in China!
DOW 34,022 S&P 500 4,515 NASDAQ 15,254 Watch out below!
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Mr Birkelbach does not offer investment advice, but merely his own personal opinion. This report has been prepared from original sources and data we believe reliable but make no representations as to the accuracy or completeness. Mr.Birkelbach , his affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold or sell a position in securities. Past performance is no guarantee of future success. Upon request, we will supply additional information. CarlBis@aol.com
Carl M Birkelbach
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