black calculator near ballpoint pen on white printed paper

Big Picture Uh Oh?

Over the last week or so I’ve posted a few observations regarding this latest “rocket ship to the moon!” market many have been analyzing with wild and reckless abandonment (cue your choice of any mainstream business/financial media clips here). Many are now pointing to Alpha Centauri as the next logical step because Mars is so yesterday. But I digress.

However, what I would like to follow up on is my observations with the latest that should send shivers down the spines of those monitoring the boosters by recapping my prior warnings with the latest. To wit:

First my prior…

“Remember how I always caveat much of my positions with the following?”

It’s about the human condition, the behavioral aspect that means far more than almost anything else to consider in your calculations. And if you do, you’ll be far more prepared for what may or may not happen than those applying a purely academical argument.

“Now with that said…”

“Ever hear of the “headline/magazine cover curse?” If not it goes a bit like this…”

Just when there’s enough palpable sensationalism felt that either a magazine or news outlet of size feels the need to try and front-run or capitalize on it for viewing metrics and sales – it’s usually the time to mark the calendar when exactly the opposite is about to unfold.

“Big Picture Overview Addendum June 6, 2023”

The above fulfilled the “news” part of the equation, below is the magazine…

(Image source: screen shot

Banks collapsing at a rate higher than that during the financial crisis of 2008, the Fed’s emergency bailout program…

(Image source Bloomberg™ via ZeroHedge™)

While simultaneously U.S. corporate bankruptcies now total highest since 2010 – and one of the leaders of financial market news thinks it’s a great time to through caution to the stars ever the more.

Who’da thunk it, right?


© 2023 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.