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