Don’t get cocky, bulls

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.