Is this sell off only the beginning ?

[Zwaen]

Every crash starts with a “ healthy pull back “.

And every healthy pullback starts with people thinking this is the crash.

We just don’t know

 

[unconventional wisdom]

every time US rates rise (I watch the 10y), the market heads lower with the NASDAQ leading the way. meaning, the entire market is in the hands of the fed. will JPOW let the market crash because he wants to hike eg., 6 times instead of 2? i doubt it. this doesn't feel like 2000 (except maybe in the crypto market) and as far as i know there are no CDOs marked triple-A about to implode like in 2008. i predict choppy trading but no crash. ready to change my mind if yields spike out of control.

 

[notagain]

ATRTrailingStop best for defensive trading, TOS has it as built in strategy.
Short only MNQ survives the chop.

 

[KCalhoun]

But add an out-of-control pandemic and socialist democrats and record inflation = market correction imminent

 

[Nine_Ender]

And every healthy pullback starts with people thinking this is the crash.

We just don’t know

Irrational people like Calhoun expect a crash at all times.

 

[ElCubano]

I was an Option Market Maker in 2000 trading on the AMEX floor. There were hundreds of technology companies trading with valuations well above $1billion with no product, no sales and lots of hype, blowing through cash as fast as they were given it. I do not see the correlation to today. I'm not providing any outlook on the market, as I do not have one.

I remember all that companies had to do was add .com to their name to make them explode upward in value. Similar to Crypto/NFT.

 

[nitrene]

I remember all that companies had to do was add .com to their name to make them explode upward in value. Similar to Crypto/NFT.

My favorite was that record club KTel when they added .com to their name and went public at crazy levels.

Look no further than that company with no future aka GME starting to sell NFTs right when ETH is crashing. Opened at $160 and went straight down. It might even close down for the day.

 

[bone]

Model Weekly or Monthly data for a better perspective.

Just my 2 cents, I wish you good fortune!

Is this sell off only the beginning? What reminds me of 2000 is there were many stocks that were $300 and $400 that were cut in half and investors thought they had the deal of a lifetime and bought at $150 and $200 only to see their stocks go to $30 and many times even lower to “ unimaginable levels”. All while Wall Street pro’s on tv were telling everyone stocks were cheap.

 

[Specterx]

The Fed is exceedingly unlikely to raise rates to materially positive levels, sufficient to prompt a major worldwide reallocation to bonds. My guess is the next couple of years will see choppy, rangebound markets in the US. Obviously, any threat of a downmove more than 15% or so in SPX and the Fed will jam the money spigot open again.

 

[Overnight]

...Obviously, any threat of a downmove more than 15% or so in SPX and the Fed will jam the money spigot open again.

I don't see that happening any longer. Now that the Fed governors got caught with their pants down on trading stocks for their own personal gain and they can't do it anymore, why would they give a shit?