FED injected a huge amount of liquidity to prevent a depression, but all it did was create a speculation frenzy. Similar speculation led to the 1929 crash, which resulted in a horrific bear market where people starved.

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BofA Warns “Take Profits” Ahead Of Coming Correction

BofA’s technical analyst Stephen Suttmeier published a note on Monday titled “Correction risk increases moving into February,” point out that as January comes to an end, seasonality risks in February may suggest it’s now time to “take some profits…

 

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