Here we are in this bounce in the markets. We are seeing lower highs, lower lows. It is the best time to get into a position now. If you look at the timelines from peak to sell, its about 2-months. We're about overbought, and the economic data coming out is pretty horrible. Retail, autos, housing, buying and consumer sentiment, debt, revolving credit, personal debt... all these point to pain in the short term.
Look at the 2/10YR inversion, which is surpassing passed recessions. Even the 3-month is far surpassing the 30YR. Cracks are forming everywhere and we are starting to see defaults and bankruptcies become a reality. Even IF the Fed softens and pivots, it wont make a difference. Statistics are showing that people are barely scraping by. Don't be caught off guard! Look at the data, not the delusional hosts on CNBC which will never admit the truth until we are deep in a crisis.
This sell off or "crash" is a bit different than other ones. With most of the economic data worse off than 2008, the markets are not reflecting the economy whatsoever. The markets should be far lower, but, it seems that intervention of some sort is taking place... for how long, its to be seen. I would have liked to see a drop of 30%, rebound of 10%, 40% in wave 2, rebound of 15% but it seems like like markets are declining far slower than logical economists thought.