I am curious was there any news event? Or zero liquidity. I know it is volatile but 18% in 2 hours seems incredible for no reason. Forced liquidation must happen soon
I am very long as this bull market continues but acknowledge stocks are expensive but by no means crazy like they have been in the past. Fascinating to read about the tech boom and how huge those companies became without viable businesses.
I will admit i was worried for a day there but this just shows how big of an opportunity those big down days are. Back above January highs on Nasdaq! FANGs have bounced hard even without apple. Buy some apple here before it bounces.
I also find it ridiculous how none of these people are stating fundamentals or actual business reasons why stocks are undervalued. Instead they immediately just complain that the fed isnt pushing up prices and this type of thinking represents a dangerous shift for the public markets as a whole...
I never understood the obsession with data dependent, I know the fed isn't stressing it like Yellen but of course they care about data. If the economy was to crash they wont raise rates but the thing people need to realize is a 10% drop in stocks to flat YTD after the biggest bull market in...