
#45: Michael Oliver On The 'Massive Momentum Structure' In The Stock Market
Superinvestors and the Art of Worldly Wisdom
The Importance of Observing Your Timeframe
The 1929 crash was primarily triggered by quarterly momentum, not annual. We're fairly ripe in the US stock market for another downturn based on a lot of factors,. On the NASDAQ, it's got an annual structure below it, not too far, about 7% below the current market. So we can see that there's a potential for another downturn coming soon, probably.
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