Hey,
I've said it before and I'll say it again — I think the overall market's headed lower this year.
Let's quickly recap a few of my concerns about the current state of the stock market:
- Some of the world's biggest tech companies are dumping market cap value like penny stocks…
- The bear markets we've seen in recent history (e.g. 2000 and 2008) dropped stocks much further than their current levels from peak to trough…
- Nearly every current news headline is negative for stocks — 40-year high inflation, the war in Eastern Europe, the Fed hiking interest rates, etc…
Speaking of news, I get my news from the StocksToTrade Breaking News Chat, and so should you. See for yourself! Try StocksToTrade today!
Or get a 14-day trial of StocksToTrade with the Breaking News Chat add-on for just $17.
Now that your news and charts are in order, look at the big picture. It doesn't look great, either…
In 2000, following the blow-off top of the dot-com bubble, the Invesco QQQ Trust (NASDAQ: QQQ) dropped more than 80%.
In 2008, amid the financial crisis that led to the Great Recession, the QQQ dropped more than 50%.
If we're in for a similar bear market this time around, history tells us that the QQQ is probably headed lower than the current drawdown (which stands at 32% at the time of writing).
So … why should you care? Because sleeping on the obvious signals you could cause you to trade in a way that blows your entire account up!
Or, you could ignore the history and miss a massive short opportunity on the overall market. It all depends on how you play it…
With that in mind, click below and I'll show you how to prepare for a potential market meltdown…
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