The market went down…
- That’s total bullshit. I didn’t event know that could happen.
- It dropped so much that it’s back to where it was (checks notes)…four months ago.
Source: https://sentimentrader.com/blog/an-extreme-in-extremes/
Four months of paper gains…gone just like that. Oh the humanity!
Maybe the bigger story is that the market went up 13% [insert gain of your choosing] in four months [insert time period of your choosing] with no real catalyst?
And please stop comparing this to 2007 / 2008. People were losing their life savings (this happens when you save more than you spend, strange I know) and their homes (yes, home prices can go down too…but don’t start calling me to Nostradamus yet).