WCP - HITS NEW 52 WEEK HIGH I feel this week we get back to 12 and we test new highs.
This week I think this is going to happen. I am making that call ! I feel it in my bones and that Chinese COVID announcement happened with the US markets closed so what happens this week. I think it's a massive dead cat bounce. Oil might be okay I say that all the time , but there will be a pull back and I think it's coming next year. Look at 81 and 82. Not the same. However I was 11- 12 years old I remember the for sale sign going on the family home and it didn't sell not even any one looking. It was tough we ate soup and I am not exaggerating. We were broke. So I know 1981 and 1982 was the last year I ever played ice hockey we couldn't afford to keep playing.
So 81 was 2022 and I feel 82 is 2023.
So on some level I see a property correction I see a wide correction before we have a slow correction for 10 years while everything plays catch up. Can't raise rates and have home prices go up , they go down. Soon the rates go to where they home owners can't pay and there lies the massive massive tank that is coming next year.
This is what I believe and I might be wrong about the event ! . I am pulling my money out at the top of whatever this current run goes and if I am wrong I will be okay. I am going to GIC or whatever and I am going to wait for the right time to come back.
I am hoping to get 13 min to 14 maybe 15 before I leave. So I am not leaving for yet. . It's coming though 15 dollars a share is coming ! I might miss it and that is okay too.
I am hoping all of my friends here make Bank !!! I also could change my mind if we get different information on the economy and what not.
I am playing this like it's going to get really really really bad before it gets better.
We have massive issues and disconnect with wages and the cost of living I see a stagnant house market for years maybe 10 I already said that !! So who knows oil is a commodity and it's got good metrics for supply and demand.
That's my ramble !!
Craig