Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday morning I send out three thoughts.
Sometimes these thoughts are on the economy, life, or hard assets.
If they’re helpful or hopeful to you, that’s great… Sometimes it just comes down to reality. That’s what I’m interested in…
So, here we go.
Here are three Sunday morning thoughts for you:
1. The way a society treats its animals is a measure of its ethics.
When I see a dog rescue and transformation video it gives me hope for the world.
Here’s an example:
In America, there is still a remnant of people rescuing and caring for abandoned animals.
They are not left in the gutters to starve and die.
They are spotted.
They are reported.
And then people raise them like their own, which brings me to this next part of what I am about to say to you. It is about a time of great despair, and stress…
There was a time during the pandemic when life utterly sucked.
The world was going mad. People were blaming “anti-vaxxers” for what the government was making them do.
You had to wear a mask in a grocery store…
And if you got to close to someone they’d go ape-shit instantly transforming into their personal version of Mr.Hyde.
On top of that the Black Lives Matter movement was rampaging across the American political sphere dividing left, and right, leaving almost nothing in between.
There was little hope in seeing any redemption.
Then I happened to trip over this YouTube channel:
‘Hope for Paws’
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It’s heartwarming…
There are hours of dog(and cat) rescue videos, but just this one is enough.
It’s make you think it doesn’t matter what side of the political spectrum you come from…
Left or right, these dog rescues ought to make even the Grinch’s heart grow two sizes, or more.
Look!
There is something we have in common.
There is hope for dogs and cats, even in this amount of uncertainty and chaos. So, if you are feeling anxious…
We are not lost, yet.
2. The S&P 500 is at a double-top. There is some interesting historical precedence you should pay attention to.
Look at that…
The S&P 500 is at a nice double-top.
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With the S&P 500 breaking all-time-highs this year, and the economy looking down the barrel of a recession, there are some interesting historical precedence to pay attention to.
First, the S&P 500 formed a double-top just before the dot-com bubble burst in 2000.
Then the S&P dropped nearly 50% as the US entered a mild recession.
Second, the S&P 500 formed a double-top just before the Great Financial Crisis in 2007.
Then the S&P dropped over 50% leading to the Great Recession from 2007 – 2009.
Along with these historical markers, bearish sentiment is usually associated with a double-top for the S&P 500.
You can guess the plot line, I’m sure.
3. Remember when every retail investor was blushing over the Tesla stock they bought at the top? The story repeats…
Well, it is euphoric days for retail investors – nuns, taxi drivers, and that guy at the bus stop.
Nvidia is reaching astounding highs.
Especially, for retail investors, which is why you should see this.
Here are what retail investor purchases look like for Tesla from 2022 forward, and…
Here’s Nvidia now…
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It seems like Nvidia is in Tesla’s early 2023 position.
Up and high, and soon to be dry…
But that is the story of the herd.
One person hears about a “sure thing.”
So the rest push prices up and up…
Until finally valuations parachute(no telling how big the chute is…) down to reality.
In any event, you’ve seen Nvidia’s story before.
Scroll up.
