by WhichEdge
I have to ask… Is anyone else starting to get shit scared?
The SPY is officially higher than it was at the peak before the fall.
The SPY Growth is almost 10% higher than at the peak before the fall.
The DOW is down only around 6% from the all time highs.
The S&P 500 is now above all time highs.
Even the TSX is only down around 7% from all time highs and the oil sector and other major industries of Canada got decimated..
We are seeing Warren Buffet go into Gold I never thought I would see the day (I know people are gonna do the standard quip but Buffet and Munger are beasts).
We are now seeing the trade volume hit all time lows on certain key areas.
We still have massive waves from COVID in areas of employment, debt, inflation/deflation, business closure, bankruptcy, massive inequality of savings/wealth.
We have certain segments blown up to the point that when I look at the charts I don’t even think “bubble” is an accurate term. The charts literally give me cancer they are so intense to look at.
I love pa pa elon just like everyone but the fact that this short squeeze has taken us to around 1900 is insane. Guys this is over 100% on top of the short squeeze from last time and they are down this quarter in actual revenue.
This may all keep going on for more time than I could ever imagine. Maybe a year or even more but man I am so worried that some people are gonna lose everything when this bursts.
For god sakes away from the memes for a second and our fun ass phrases please please be careful that you aren’t going over what you can handle if this reverses.
We have already seen how some main stocks can go down 60-80% once they start falling in a month and how the whole indexes can fall almost 50% in a month and a half.
Guys be careful for real.
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 or consult your financial professional before making any investment decision.