Any truth to what the bald guy is saying? Sounds like we're headed for a crapstorm if so.

My answer is "maybe". I pretty much gave up predicting the future. Too many moving parts for me to know for sure. So, I tend to stay with stocks that I think will do well over time, but also keep a good amount of CD's, T-bills, and some cash, just in case things get bad.

I think that if the market takes a big long-term down turn, those who are prepared to ride it out will come back and do well over time.

Timing the market? I don't know how to do that successfully, and I have been in the market for 35+ years or so.

I am currently in caution mode, small moves, but staying in the market mostly.

FPNI

Maybe is the perfect answer.   I'm not selling and would not be surprised if things continue to rise.  I'd also not be surprised if they take a dump.

Doom sellers.

So all of the stuff he mentioned isn't actually true?

He is drawing *conclusions* based on his opinion of the data.  So no - this isn't a discussion of "truth".

Mike McGlone has been parroting this stuff for a long time, and he admitted in the video he was wrong because he was too early. He is a doom seller.  He looks at the same data points everyone else does.  He just sells to people who are biased to gobble it up.