Easily!!!!!!!!! I think if we were to see such another downward day vix would spike hard enough with volume being on the extreme side to mark somewhat of a short term bottom. We need panic, I feel it hasn't happened just yet as the vix isn't showing an extreme rise..... Plus with all these delays in tarriffs until April uncertainty as always will be more negative and detrimental to equities than most anything else at the moment.
Looks like the selling is over, for now. I think if there is follow through it probably goes to the retrace around 5880. Intraday $SPX hit 5530 yesterday which was -10% so maybe it's just algos playing games.
That's the real reason for no IPOs anymore. Looks like small caps are in terminal decay at least in the US. They never really recovered from the 2022 drop. Most of the "IPOs" in 2020-2021 were SPACs aka scams. Of course with infinite VC money & crazy compliance laws there's no reason to go public at $1 billion anymore. I guess SPACs are your only hope for getting in on the ground floor anymore.
Tariff drama is really still in its early stages. Canada and mexico are just the first two stops on the Train ride. Europe will be a brutal fight https://www.nytimes.com/2025/03/12/world/europe/eu-us-trump-tariffs.html Uncertainty is a given for many months ahead
Anyone remember when Alabama passed a law to go after illegal immigrants taking American jobs? Why Americans won't do dirty jobs In the wake of an immigrant exodus, Alabama has jobs. Trouble is, Americans don't want them. Now the same garbage wants to undo globalization.
Why is Big Government interfering with the efficient car market ? Are consumers not benefiting from the status quo ? (COVID did skew things, I left that out).