Quote from: Helena Yu on September 26, 2024, 01:23:23 PM

Quote from: fuguebtc on September 26, 2024, 01:05:00 PM

With the market moving, things are looking up after months of extreme gloom but it is still too early to say that the bull season has begun. We need more signals to confirm that the correction is over and we are entering an uptrend again.

The signal is economy in the whole countries are keep rising, so this mean many people have more money to spend.

This may be the clearest sign yet that we are very close to the bull season of this cycle. But is our economy really recovering and entering a growth phase as the government says ? I know you're referring to the Fed cutting 0.5% and that's a sign that our economy is getting better . But that may or may not be true.

Typically , a rate cut is a signal that inflation is under control and the economy is returning to growth mode. But there have been cases in the past where our economy has fallen into recession after lowering interest rates . Right now, we still don't know what the economy is like so I'm still skeptical and want to wait a little longer to confirm that we are actually in a recovery and not waiting for a recession to happen .