The 2008 chart setup is so obvious that people won’t believe it’s until it’s too late.

The 2008 chart setup is so obvious that people won't believe it's until it's too late.

— Financelot (@FinanceLancelot) December 27, 2022

This year, we have had:

1. Most tech layoffs since 2001

2. Worst drop in tech stocks since 2001

3. Biggest war since WW2

4. Most aggressive Fed policy ever, into a recession

5. $2.5 trillion lost in crypto

Yet, $SPX is down just 20%.

What will it take to break this market?

— The Kobeissi Letter (@KobeissiLetter) December 27, 2022

https://twitter.com/MFHoz/status/1607815198005514240

Another ground and pound on the Nasdaq.

Now down -10% in December. pic.twitter.com/bihgClpHoG

— Mac10 (@SuburbanDrone) December 27, 2022