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1. When a severe economic crisis is about to come.
2. When the market is full of various Black Swan Events and bad news.
3. When investors panic and cut loss or get liquidated on a large scale.
4. The US is printing a large amount of money and the Federal Reserve is cutting interest rates, when a large amount of liquidity is about to enter the market. The emergence of a bull market is not due to the explosive growth of a particular industry, but because hot money is pouring in and investors have nowhere to go and dare not consume. When this consensus expectation reaches its peak, a bull market will occur.