We called this a bear market and named it “the Great Devaluation” — On January 22, 2022!
Our January 22 2022 newsletter said the following: MAJOR AVERAGES IN NEAR-CRASH MODE AS DEVALUATION SYNDROME SPREADS LIKE OMICRON From the Book of Covid, Ch. 22: And so it came to pass, on the twenty-second day of the first month of Omicron in the third year of Covid, that Plutus said interest rates would increase. Thereupon, a great wave of selling began, and it swept through the market and throughout the land. But the gurus did not believe the selling was real, and they urged the traders to buy the dip. And the traders bought the dip, and the market went up, but after a while, the wave of selling continued. So the traders became fearful and began to sell, and their selling begat more selling, and the selling spread…