You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a bear market.

During the "tech wreck" 2000-2002 the Nasdaq 100 declined -83%

During this time there were seven bear market rallies of more than +20%

You can get away with pretty-much ignoring countertrend moves in a bull market. Much harder in a bear market. pic.twitter.com/NRloCziFGz

— Simon Ree (@simon_ree) August 1, 2022

We are now literally hearing from multiple Fed members multiple times a day.

On top of this, each Fed member is expressing a completely different view.

The result is record lower investor confidence and violent market swings.

The Fed became the problem they were meant to fix.

— The Kobeissi Letter (@KobeissiLetter) August 2, 2022

There’s a huge misconception that the fundamentals have gotten better.

Just because stocks are up 10% off the lows, it does not mean the economy has improved.

We have a topping housing market with the Fed raising rates into a recession.

Recessions simply do not end overnight.

— The Kobeissi Letter (@KobeissiLetter) August 2, 2022

Bulls, you will be happy to know I have upgraded this meltdown to "Economic Apocalypse".

More reason to BTFD. pic.twitter.com/Tl1oDNBydY

— Mac10 (@SuburbanDrone) August 2, 2022

The market is on vacation.

It will stay this way until it explodes.

"For no reason" pic.twitter.com/ObxOtMpSPj

— Mac10 (@SuburbanDrone) August 2, 2022

Current situation:

1. Stocks up like the bull run is continuing

2. $VIX up like stocks are ready to crash

3. Oil prices down like inflation is gone

4. Gold up like inflation is at 15%

5. Housing market topping like the crash is just beginning

Truly, nothing is adding up.

— The Kobeissi Letter (@KobeissiLetter) August 1, 2022

3 month Libor rate for dollars climbed to highest level since financial crisis as traders price in larger interest-rate hikes by the Fed. Libor rose for the fourth straight session, rising roughly 2.5bps to 2.83229%, the highest since Nov2008. (BBG) pic.twitter.com/ounh70ZlHQ

— Holger Zschaepitz (@Schuldensuehner) August 3, 2022

Futures net spec keeps growing more negative.

Contrarians say this is a good sign.

Unfortunately, record negative spec was at the top in 2007. And record long spec was at the bottom in 2009.

Turns out, it's a good idea to be short in a bear market and long in a bull market. pic.twitter.com/nUipyUfmA5

— Mac10 (@SuburbanDrone) August 2, 2022

It's clear that today's bailout junkies have no clue what is a bear market.

They've been euthanized by monetary heroin. pic.twitter.com/Aj6Ewz1rRV

— Mac10 (@SuburbanDrone) August 2, 2022

*COMMERZBANK WARNS GERMANY COULD FACE A CONTRACTION LIKE 2008 FINANCIAL CRISIS IF RUSSIA CUTS OFF GAS SUPPLIES

— Alessio (@AlessioTMAD) August 3, 2022

Bankruptcies in UK highest since financial crisis pic.twitter.com/ltz0cxbWOI

— Alessio (@AlessioTMAD) August 2, 2022

Gasoline demand destruction? pic.twitter.com/60THMZ2PGj

— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) August 2, 2022

Futures positioning is the most bearish since 2016 pic.twitter.com/BwY47ZpBwX

— Barchart (@Barchart) August 3, 2022

https://twitter.com/NorthmanTrader/status/1554765192902443010