This is the annual chart of the US indices Dow Jones (DJI) and S&P500. So far, there is still room for upside, but I really hope you exercise extreme caution—especially long-term investors in the US market.

And I believe that markets are not suitable for investment; they’re only suitable for speculation. At most, they’re for swing trading—and only with extreme caution. I think the era of investment is over.
I don’t think the markets will become suitable for long-term investments anymore. And the past fifty years are almost at the point where their sun is about to set and enter a long winter: a bearish trend that will last no less than 5 to 8 years, in the best case. But I don’t know exactly when this long winter for the US market will begin, although I’m certain it is coming and that it will happen.

My advice: treat the markets with extreme caution in the coming years.

What I’m saying is not for right now, but you must be cautious starting now.
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