I predicted in July that Sept-Nov will be bad,Here's my prediction at the halfway mark because we still have Oct to survive. Here are the numbers for Sept.
DOW is down 2931 pts
TSX is down 698 pts
Oil down $10
ATH started @ $2.45 closed @ $2.13
So my prediction which wasn't accepted when I started to post in July that Sept and Oct would be horrible actually turned out to be true also my prediction starting when Oil was around $110 and that by years end we would hit $75 left me being called a basher and a loser well we hit $76 Oil in Sept and that's 3 months ahead of time so everyone that bashed me turned out to be nearsighted having no clue about the economy and the effects that it would have on Oil so I should have been bashing their posts but I didn't and only whenever they got ignorant and persistent did I ever return posts that were belittling to me and the BB. Trading through 7 market crashes I feel that I had learned how the economy unwinds and how the start of a recession builds momentum in a relatively short amount of time and we'll be in another crisis called Deflation. The thing with trading is that it's done by humans and as humans we make mistakes causing market crashes and it usually takes the same amount of time to get out of trouble as it did getting into trouble even the FED said that it will take a year to bring Inflation down to 2% so except a down market through 2023. We are now going to enter Oct the historical month known for crashes and down markets and I agree with that. Oil closed off Sept at $79 now did you ever expect that in July or Aug? If we do get through Oct unscathed we still have an additional 2 months till years end and right now it's hard to picture $100 Oil in a recession along with world crises but that doesn't mean that it couldn't happen but the odds are against it in my honest opinion.