So far, it’s a classic bear market with rallies getting launched from lower and lower levels:
Yep I agree with you Lizzy, so many similarities to GFC.
There has been no BANG like the pandemic and it’s following the same bleed as GFC. The same patterns aswell where inflation went bananas and energy took off for 7 more months as stock sold off.
Look at today. Inflation is bananas and energy has taken off while stocks selling off. Retail now taught to buy the dip and have don’t it for 3 months. Liquidity is dried up just like GFC and both shorts and longs on the daily get wrecked. See oil last night? 103-126 range, everybody getting wrecked. Same shit all over again.
CDSs also doing the exact same thing as GFC rising up suggesting defaults ahead. That shit isn’t going away, they will default First and bailout second.
Energy has heaps to go yet and if history is similar to GFC we are 3 months into a 6-7 month leg. No pain really until 150+ At which point inflation is gutted as demand is crushed and consumption goes down.
AAPL is pretty much the last one standing, if that goes the S&P takes the next step down sub 4200 and crypto also steps down.
Retail been taught to buy the dip in everyone is buying saying calling the bottom on everything is in.