The Great Recovery Or The Great Short? Are we looking for a top yet? - a podcast by Naeem Al-Obaidi

from 2020-04-30T07:58:56

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Bitcoin has made a major move to the upside above $9,000, alongside equity markets. Amidst the breakout, fundamentals continually show negative growth amongst global economies. 


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There has been a lot of upward action in the stock market & crypto. Lot’s of people buying and re-entering markets, as if there wasn’t a Global Pandemic announced less than a month ago.


To me, everything looks too good to be true and too fast to be real. What looks like a duck, sounds like a duck…is probably a duck.


This was fun at first…lot’s of winning trades, but lot’s of volatility.


Currencies have been on a roller coaster, including the AUD, JPY, & GBP. Major banks are printing like they never have before.


Yet with all this inflationary stimulation, the USD maintains strength. A lot of you are asking me whether or not it’s an excellent time to buy Bitcoin, Gold, Silver, or even Stocks right now.


As much as I would like to say things are recovering…the truth is the Global Economy has yet to see the actual economic ramifications of this Global Pandemic.


Let’s see how the next few days/weeks pan out into May, but remember if you wanna stay safe then play the worst possible scenario. As Warren Buffett says,“Be fearful when others are greedy and greedy when others are fearful.”



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