We are now entering the Panic stage of the Bubble. $SPX $QQQ $TSLA $NVDA pic.twitter.com/RBjfmEaYHR
— David Marlin (@Marlin_Capital) May 9, 2022
The overnight algo rally dissolved like a sugar cube in the rain.
Pundits are now tripping all over themselves predicting when the market hits "bottom".
This market has no support now and it's not oversold yet.
Which puts us in the CRASH ZONE. pic.twitter.com/i2LVNcW5bj
— Mac10 (@SuburbanDrone) May 10, 2022
We are now on the verge of Millennial Margin Call.
And uncontrolled market meltdown. pic.twitter.com/4dyaerf3kG
— Mac10 (@SuburbanDrone) May 10, 2022
And US Federal debt/GDP is highest in 80 yrs and Fed has never tightened w deficit as a % of GDP this high in at least 50 yrs
— Luke Gromen (@LukeGromen) May 9, 2022
1. An 18-month lecture on "don't fight the Fed"
2. Last 6 months – "stocks still go up in rate hiking cycles" sales pitch.
3. They left out leverage and the fact that the planned speed of accommodation withdrawal is two standard deviations greater than any ever attempted.
— Lawrence McDonald (@Convertbond) May 9, 2022
U.S. RETAIL GASOLINE PRICE HITS RECORD $4.374/GALLON
— zerohedge (@zerohedge) May 10, 2022
Real Disposable Income
🙁👇 pic.twitter.com/t2X0YKsVWO— Win Smart, CFA (@WinfieldSmart) May 10, 2022
Only 7.9% of S&P 500 Tech members are trading above their 200d moving average pic.twitter.com/6Rv5MAmpm0
— Liz Ann Sonders (@LizAnnSonders) May 10, 2022
QT hasn't even started… t.co/EBsrS1IYoN
— LongConvexity (@LONGCONVEXITY) May 10, 2022