Now that regulatory capture has been perfected, there are no more tops.
Here’s a multi-decade chart of Morgan Stanley (MS). Notice the big change? In the past, there were nice, clean tops always followed by a big tumble. Not anymore. Now that regulatory capture has been perfected, there are no more tops. Instead, we’ve got a clean breakout to a lifetime high, with plenty more to come.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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