Bill gates is in a new way, calling for another d-day bill gates, says: there's a strong argument: we're about to see a global economic slowdown. It seems like recently, if bill's in the news old, bilbo baggins here, it's he's either calling for a d-day either in more of the market or, if he's saying it with the virus, or it's just like more of the awkward commentary he had when he was being Asked about epstein, i don't know it feels like ever since his divorce, his his pr team, has not been doing the best, but anyway, let's dive into why old, bilbo here, not the most jolly about the market when it comes to the fate of the global economy. Bill gates is siding with the bears. The the bears gates was asked how he sees the war in ukraine affecting the global economy over the next few years.

It comes on top of the pandemic, where government debt levels were already very, very high, and there were already supply chain problems. It's likely to accelerate the inflationary problems that rich world economies have and force an increase in interest rates. That eventually will result in an economic slowdown. I'm afraid the bears on this have a pretty strong argument that concerns me a lot.

You know it's easy to kind of poke fun and, like obviously our boy elon has been doing that lately, but with this it's kind of hard to disagree with them, because in this scenario, yes, we have supply chain issues on the supply side, the fed can't control Anything they can control demand and they're trying to lessen demand by raising interest rates. But then you have to look at what's going to go on in the economy. Is there going to be an economic downturn and some people who kind of know what they're talking about? Are saying yeah? This is something that you have to be not only prepared for, but strongly considering the s. P 500 could fall.

Another 28 before this historic sell-off is over and markets start bouncing again according to the bank of america. Now this is interesting because most banks and firms such as this they'd like to be a little bit more shy like they don't want to scare away customers or the general public, or anything like that. So to come out with this type of a headline i mean. That's a noteworthy drop 28.

It's a little bit interesting, to say the least. Past performance no guide to future performance, but if we were today's bear market ends on october 19, 2022, with the s p at 3, 000 and the nasdaq at 10 000.. The s p. 500 would need to fall an additional 28, while the nasdaq would have to drop an additional 18..

So those are large percentage sell-offs. I don't know if i would go personally to this extreme of the nature and to me that's more of like a medium to long-term type of a call out. I like to play it level to level every single day every single week, i'm like. What's the next level of support resistance, are we breaking down or breaking out, and then i play in the next tranche? If you want to do this, i guess that's more of a medium term thing of like okay, here's where we're going, i'm going to make this play and then i'll come back in a couple months to see if i'm right have at it.

That's just not particularly my style for right now, just because there's too much opportunity in the very short term in the long term, i'm still going to be a parabol. I mean it. That's markets in the long term there's a very fair argument that hey that's just your opportunity to dollar cost average. Are you most likely gon na bottom ticket? No, i wouldn't focus on that.

It's just when you see a nice discount on the either the equities, the crypto that you like your dollar cost average and if it's a long term, great you're, coming back in a couple decades anyway, you still need to know. What's going on to maybe better time your dollar cost average right now, i'm not doing any dca-ing in my long-term account, at least not yet i'm looking for a little bit more downside. China's slow down means there's no way beijing will hit its growth targets, so don't rely on it to cushion the world against recession according to some fancy-schmancy economists. So it's not just in the us, it's not just in europe, but we're also seeing indonesia.

I don't think we're really through the gauntlet quite yet, but obviously every rainstorm is gon na eventually end. So there's there's just not a time. There's no need to panic. I honestly think it's a bit silly and i think it's easy for mainstream media and headlines like this to get a little bit of that fear-mongering, because it's the emotional pull i mean you even see it on youtube.

I mean hell. I participate in it because it's how you get people to click, but at the end of the day, you should feel confident in your skill set that you could play in either direction and understand that right now just know what the trend is: the name of the Game when it comes to the markets, is you make money knowing the appropriate trend if you're fighting the trend, you're gon na get chopped up, you're gon na lose money right now, it's as simple as this, the trends to the downside. As soon as we see some bottoming signals cool, you take your money and you switch to the other side. I think if you boil it down to just that easy of an argument, you'll feel more comfortable and you'll.

Take some of the emotion out of whatever your decisions are.