What sell off, I just don't see it.
Sell off in US stock indexes.
- Thread starter Rickshaw Man
- Start date
What's this chart of? If that's the DJI or NASDAQ index/indices, then I'm gonna have to call ya NOOB!!
The only chart that matters is the S&P500!! WHY? Because that what triggers the stock market to halt (a drop of over 5% on the S&P500 and ONLY on the S&P500). Nobody cares what other indices do because they're not tied to the market stop trigger...
I think it is RsM chart
Market is a repeat of 2008. The only difference is Beijing held Olympics in August not Feb. Market typically drops in Fall/Winter. Wait till the end of 2022/early 2023. We will see similar carnage as 2008/2009. SP500 will be back in the 1000's or below (besides the 4000's is bad luck in the East). ONLY because China held Olympics event in 2008 and also this year. West is biased towards China. You NEVER expect the market bear when it's a Western country hosting Olympics!
Some of us care what other indices are doing, regardless. The Wilshire and Russell come to mind…
US tech is selling off AGAIN today...at least for the morning.
I'm still LOL@CNBC from a few weeks ago when we finally had two days in a row where tech was not in the red for once this year, and almost everyone was acting like the bottom is in, you need to buy NOW or you'll be priced out this year.
Ahaha!
I'm still LOL@CNBC from a few weeks ago when we finally had two days in a row where tech was not in the red for once this year, and almost everyone was acting like the bottom is in, you need to buy NOW or you'll be priced out this year.
Ahaha!
Did anyone here watch the movie by Dustin Hoffman where they attempted to create a fictitious war that only happened on the TV screen on the news media? Tadaa!! Behold the Russian invasion of Ukraine. This fictitious war serves two purposes: 1. Dupe gullible ppl into thinking market has bottomed and beginning multi-year bull cycle. 2. Wipe away the Covid-19 story. Covid-19 is way overdone. Mr. Market want to distract you mind with something else other than Covid-19 now...
Smart ppl just look at what happened after Beijing hosted the Olympics in 2008. We had a shiet storm financial crisis that followed. Same story repeats. People get depressed in Fall/Winter and more prone to sell the bottom. Market waiting till this fall to deliver same carnage as late 2008!
It is a chart of the S&P500.
Another one confusing Hollywood fantasies with reality...