Last chance to subscribe

<p>From next month I will no longer send you promotional emails and I will no longer take on new clients. This is your last chance to subscribe, I will continue to produce the analysis for my members but I will not accept new clients.</p>
<p>I have done the job for many years and now I feel it is time to concentrate on managing money. I have always believed in my long term forecast and those who follow me will be rewarded. We are entering a period full of opportunities, the stock market will go down for several years then it will go up. Money will be made on the way down, then a multi-year bull market will start, it will be exciting.</p>
<p>You will recall I posted this chart last year:</p>
<p> </p>
<p><a href="https://www.bettertrader.co.uk/.a/6a0162ff9ddd58970d0282e1518daa200b-pi"><img alt="Mania220422" border="0" src="https://www.bettertrader.co.uk/.a/6a0162ff9ddd58970d0282e1518daa200b-800wi" title="Mania220422" /></a></p>
<p>I warned the stock market would collapse because we were at the top of this curve, people were completely deluded and extremely bullish.</p>
<p>at the time we saw:</p>
<p><strong>Increased participation from retail investors</strong>. When people think investing in stocks is easy money it is the top. What you have to remember is the public is always late to the party, by the time they get involved the smart money moves out. So when you see increased participation from retail investors you know the end is near.</p>
<p><strong>Extreme bullish sentiment</strong>: when people think it is easy money sentiment is extremely bullish. This creates FOMO (fear of missing out) which is a mania and a warning that a major top is near.</p>
<p><strong>A new paradigm</strong>: This is when people say &quot;this time is different&quot;. That is what they said in 2000, technology was going to change the world so valuations did not matter. The mania was driven by the belief that the world was changing because we were in the “new economy”. People rushed to buy tech stocks thinking they would become millionaire. But this rush created a bubble and tech stocks crashed in 2000. Today we have a similar situation, blockchain/crypto is the &quot;new economy&quot; and people use this new paradigm to encourage others to buy to blow a bigger bubble and to justify high valuations. But it is an illusion, cryptos and stocks will crash again.</p>
<p>Margin debt to GDP at all time high</p>
<p>Market Cap to GDP 30% higher than in 2000</p>
<p>The cyclically adjusted price/earnings multiple (CAPE) of the S&amp;P 500 is higher than it was on the eve of the 1929 crash.</p>
<p>Technical indicators are overbought</p>
<p><strong>It is time to get back to reality and I can tell you what to do to prepare for the future.</strong></p>
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<p><strong>Warning</strong>: All trading involves risk. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. The value of investments can fall as well as rise, which could mean getting back less than you originally invested.</p>