The FOMO storm before the calm!The big multi year bear markets often start when a mature bull mkt makes a parabolic move to new highs with the trend line getting real steep - just like what we have now.
A proper bear market demands that it traps the masses of retail into a greedy FOMO frenzy before it plunges.
And that also creates the market where big sellers can get in and start building their positions...The big multi year bear markets often start when a mature bull mkt makes a parabolic move to new highs with the trend line getting real steep - just like what we have now.
A proper bear market demands that it traps the masses of retail into a greedy FOMO frenzy before it plunges.
.I remember once my real estate agent telling me in a raging bull market “the stock market never goes down”...
Even today, I think how she was able to call the top with such precision! The bull run ended within a couple of days![]()
.An added dimension this time unlike 2000 is that the Wall Street Bets gang is taking out all the heavily shorted stocks so in a sense they guarantee a massive collapse with nobody short. Just like AVIS skyrocketing from $170 to $500+ in matter of minutes.