This is a full crash...not a correction, not a bear market
Full bubble pop...full reversion. Nasdaq 2,500 SP500 1,200 Dow 11,000. Remember those numbers.
Set up candles to 3months then check financial etfs , oil, high yield bonds, major indices, housing starts. Banking etfs show very clearly that this is going to be another financial meltdown like 2007-2009. The speed and momentum that things are crashing is actually far more severe than in 2008. I warned you guys beginning of October. Things have gotten much worse since then. Best of luck to all.
One example...Netflix just broke support and is heading to $100 maybe lower. But most of tech looks like this. Far overvalued and now the bubble is bursting...
Merry Christmas 🎁🎄⛄️🎅😂😂😂
The game has changed. You need to understand that. Monetary conditions have gone from the loosest in history to tight. Please look into it.
The Fed balance sheet will continue to tighten monetary conditions going forward even if the FED pauses the rate hike. After the last recession the Fed moved rates to 0% and added 4.5 Trillion in liquidity to the markets they are now pulling that from the market and simultaneously raising rates.
What permabulls don’t understand is these macro factors completely change the risk level in stocks. Stock market was the most crowded of all asset trades over the last decade because the federal reserve punished savers. And now for the first time in a decade you can reap risk free benefits from treasuries and other similar financial instruments. So there is an enormous amount of money flow out of equities and into safer assets. This money flow isn’t going to stop until the after the next crash and after federal reserve reverses course drops rates back to zero and starts loosening financial conditions again. The market isn’t going to go straight down but please be aware that the game has changed for now.