The last time the NASDAQS fell by more than 5%, aside from 2015’s -5.65% showing, was in 2010 and 2011.
What happened next, back then?
In September of 2010, the NASDAQ pounded shorts into fucking clown-dust to the tune of +13.17%.
In September of 2011, the NASDAQ declined by -4.49%.
Howsoever, in both years, the NASDAQ ran hard in October, to the tune of +6.34% and +10.4%, respectively.
In other words, bears, enjoy your happy tidings, for this wave of pessimism is bound to pass with the leaves of summer.
It’s gonna be a hot Fall.
Data provided by Exodus.
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FIG.
Because I’ve been sitting on my hands for a month and a half. Which, while it’s helped my sanity, hasn’t helped my bottom line much. I’m OK with that, because lost sanity is harder to recover than lost capital,
Mad props to those in the trenches to do it day after day, regardless of market conditions.
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Money, get back …
I’m all right Jack keep your hands off of my stack !
Money, it’s a hit …
Don’t give me that do goody good bullshit !
I’m in the high-fidelity first class traveling set …
And I think I need a Lear jet !!!
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SHORTER THAN VERNE TROYER !!!
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Black Tuesday?
Here we go again
In the era of waning QE, the algos must test the new scared money. Bulls need to hold 1950 here or vol will spike.
That was also because of QEII and Operation Twist coincidentally.
Well, don’t these futures look like a bucket of fail tomorrow morning?
you couldn’t ask for a better market