Another strong up day pummeled, looks like market is going negative again. Bears be like:
Game over for the bulls?
Game over for the bulls?
This is looking like a BEAR market
- Thread starter SoyUnGanador
- Start date
Originally I thought it was just an ongoing sector rotation but all I see is sellers.
Starting to look like December 2018 when the QQQ fell 20% in 23 days from 12/1 to Christmas Eve. I remember because that was the most depressed I ever saw Cramer on CNBC.
I also noticed after the Peloton news the QQQ really started to slide. Maybe it was a coincidence.
Starting to look like December 2018 when the QQQ fell 20% in 23 days from 12/1 to Christmas Eve. I remember because that was the most depressed I ever saw Cramer on CNBC.
I also noticed after the Peloton news the QQQ really started to slide. Maybe it was a coincidence.
Yea nitrene, its looking BEARISH out there...
I wonder if someone has that Cramer clip as well, the dude is gold (as far as hilarity goes, not stock picking LOL).
I wonder if someone has that Cramer clip as well, the dude is gold (as far as hilarity goes, not stock picking LOL).
This is exactly what happens in bear markets. Feel good gains that suck traders in, only to be sold off.
But then the market turned around the day after Christmas of 2018 and that was all she wrote for the bears. So you never can tell. It was very similar, as the Fed was all about tightening in late 2018 until things started to crash.
Cramsky advises investors to sell stocks in companies that don’t make money
https://www.cnbc.com/2022/01/20/cra...stocks-in-companies-that-dont-make-money.html
Well duh!!!!
That was scary time. Seemed like every day there would be a rally intraday & it would collapse at EOD. Just like the last few days. The last 2 hours on the NQ really seemed like panic selling. Very few green candlesticks to be seen.
I think the difference in 2018 was that Powell used the word "Autopilot" to talk about the upcoming rate hikes. Like there was no data that would give Powell pause to stop the rate hikes. I think that's why it cascaded so quickly.
I think he now refers to money losing companies as "Clown Companies." Ironic since he's always telling people to buy pie in the sky companies. I think he still says to buy Snowflake a company that sells for 83:1 sales to price.
