Sell in May and go away might be extra amplified this year. It is hard to tell but we knew the everything bubble was coming with student loan debt, credit cards, car loans, and mortgages.
The situation we are in might have been the pin that popped the bubble. People will make the decision to strategically default on their loans to get negotiating leverage and if they can't get it they might just let it go if they don't feel they will be in an equitable position when they dip out. Cash is king and the toys will come cheap this summer. Dirtbikes, Quads, Side By Sides, Boats, luxury cars.....etc!
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