by the_asker_man
Seriously, it’s like 90% of you tards have never seen a recession before. Guess what: you have up days in bear markets. Sometimes you have up months. You think it’s all circuit-breaker downs until we bottom out a week later? Never happened.
So could we have bottomed? Certainly possible. Any one who says they know is full of shit. Personally, I think it’s pretty unlikely. But for all of you cocky bulls talking shit about how this is the end of the bears and it’s all up from here, let’s consider something:
S&P 500:
08/28/2000 – 1,520
04/02/2001 – 1,128
05/14/2001 – 1,292
09/17/2001 – 966
12/31/2001 – 1,173
09/30/2002 – 801 (bottom)
10/08/2007 – 1,562
03/10/2008 – 1,288
05/12/2008 – 1,425
11/17/2008 – 800
12/19/2008 – 932
03/02/2009 – 683 (bottom)
02/10/2020 – 3,380
03/16/2020 – 2,305
03/23/2020 – 2,541
04/06/2020 – 2,664
In neither 2001 or 2008 were we facing the same magnitude of fundamental problems to the economic or financial system as we do today. Not even close. You think this is a recovery? 2 300 fucking points? This shit is barely a bounce.
04/17 245p (probably fucked) 06/19 255p (probably print)
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.