One flashing red signal the stock market is probably about to crash

If you ask me, there were a handful of fairly obvious signs that the end was nigh for the last big cryptocurrency and meme stock run.

• I remember a buddy telling me that his work chat was full of chatter about which silly digital coins all these middle-aged office workers were buying … one guy actually planned to pick up a bar shifts to get more money to buy crypto
• Elon Musk was on Saturday Night Live talking about Dogecoin
• The New York Times was running cover stories on monster runs for GameStop and AMC
• People’s retired parents were asking how to buy meme stocks

It was a bit like when moms joined Facebook.

That was the end for Meta’s flagship product being “cool”.

What most stock charts are about to look like if I’m right (Digital art credit: James Julian/DallE2)

The big tell

One rule I like to follow to stay out of trouble in the market is: if everyone is talking about it, it’s probably over.

That’s just how it works, folks.

I remember back at the start of the poker boom, playing cards was a license to print money if you got in early enough and had a modicum of skill.

Within a year or two of hype, everyone’s skill level went up and the value drained out. People were…