2022 vs 2008 : Yay or Nay
- Thread starter schizo
- Start date
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LOL 2008 would be an improvement much, over 2000-01-2002 bear.
QQQ went up one day about 10% + still down for the 6 day period in May, 7 ,2002 week.
Nice range of QQQ $30 area
[ QQQ Peak to valley about $120 to less than $20]More like 2023 vs 2008
Except for maybe the second quarter volatility, 2022 has been quite lame so far.
Except for maybe the second quarter volatility, 2022 has been quite lame so far.
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Nay.
SPX below 3200 negates my opinion.
SPX below 3200 negates my opinion.
You ain't seen nothin yet. Thou cannae compare a 3rd wave of 2008 with a mere 1st wave orderly decline thus far of 2022.
Wait till 2022 delivers its own 3rd wave. 2008 will look like a sunny day
Furthermore, a far better way to express it is that 2008 is a Wave A and 2022 is a Wave C. Staggering difference.
Put therefore in such terms its akin to 2008 being run and delivered by a Bear cub but 2022 is going to be delivered by its Pops, a full grown adult male who has not yet arrived but is en route
Yay, after Nov (maybe in Jan).
Dare I say it might be much worse than the GFC. During 2008, it was contained within a few financially linked countries including the US. A lot of the pain was offset by the emerging markets who were on their own separate growth trajectories. This time round the economic stresses are fully synchronized and it is ramping up worldwide. May we live in highly volatile times for the next several years!
Not even close.
See you at or near ATH going into '23 (barring an agregious misstep by the Fed).
See you at or near ATH going into '23 (barring an agregious misstep by the Fed).