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Markets have a funny way of repeating themselves;
what a lame way to quote Marx.
honestly, I wouldn't take this too seriously. analysts have been writing stuff like this for years. the state will try what it did in March 2020 to prop up a collapsing economy, when such a correction materializes again, but I think all they've succeeded in doing is separating the economy from it's real basis in production, severing the last ties that remain. I will be totally unsurprised if a real economic crisis goes unremarked until breadlines fill the country because everyone was looking at the stonks instead of whether or not global capital is actually able to produce anything of real value. that is to say, a correction in the stock market will tail the real crisis, probably substantially.
these analyses are interesting to leftists for a different reason. if you can accurately forecast a crisis of capitalism before it arrives, you have a timetable in hand for planning and preparations because those crises present to us unique moments of leverage. the whole system shudders and a well-timed and placed blow might bring the whole thing crumbling down. my point is that investor behavior and the stock market aren't good places to look for that kind of forecasting because of a century's long trend, divorcing stocks from the material reality of the productive forces.
In the short run, the S&P 500 is at a major crossroads. Either this correction recovers, and we see a melt-up into the New Year and moderately beyond, or we get a holiday wake-up call.
Either it will rain or it won't. This consultation will be $500,000.
JK thanks for sharing.
