you have a f'cking memory loss problem.... repeatedly bring up this uncatchable dip. I already told you many times, I use Buffett's rule of 50% down many times before on ET... I never said there will be no draw downs. I don't have a seat at them secret meetings. which part do you not understand.
This market is really insane, but it's not just the index'es dropping. Gold is dropping. Even bitcoin is hitting lows not seen in a while. It was over $10k a month ago and today is dropped down to $3980 for a bit. Is everyone just selling everything and sitting on a bunch of cash? I dont know...maybe the fact that all the stores are out of toilet paper and this is peoples solution.
Gold is dropping because investors are seeking liquid assets, and inflationary expectations are low. Bitcoin and Ethereum have lost value because their utility depends on economic growth and innovation.
I tip toed into 3 cryptocurrencies this morning. They were down huge and my investment was tiny so I figured why not for fun. I'm sure they will jump about 10-20% in a week or 2.
So how many now believe in the trend is your friend. Yep I'm sure it worked on the way up but wowsers not one person saw this collapse coming and that was my point the last set amount of years, meaning even if you missed the rally you were going to get an opportunity to once again buy. Imagine selling g everything at dow 25,000 and seeing the market run thousands of points higher only to see it drop from nearly 30,000 to almost 20,000 in a few weeks....this is just market proof that you dont have to run into the markets and buy buy buy. A little patience and here you go, a huge market decline to buy anything and everything at a discounts.
Cooler heads will prevail. Even the 100 IQ morons will finally realize it’s a nothing burger. It just takes a lot longer for them.