A very common coping mechanism for the permanent bull class these days is to show long term charts of the SPY and mocking the recent pullback as something so inconsequential it would behoove them to even acknowledge it’s existence.
Perhaps if you’re comparing account values from 2016 until now, the setbacks aren’t that damaging, but who said we’re done going lower? Isn’t it important to recognize danger when you see it?
That being said, the vast majority of new traders who entered this tape during the COVID lockdown and subsequent meme stock era where retards took to Reddit and Twitter to make fun of others who actively traded because their “Diamond hands” of buy it and forget it stratagems were so much better —- those people are all now destroyed.
I was perusing the carnage from 52 week highs in Stocklabs today and felt like sharing some of the results. As for the direction of the market, expect lower prices for the balance of 2022.
MMAT -94%
TAL -94%
BKKT -93%
NEGG -93%
SKLZ -92%
ARVL -91%
FUBO -91%
CLOV -91%
BLI -90%
PRPL -90%
BBIO -89%
WISH -89%
GRWG -89%
API -89%
VLDR -89%
TSP -88%
ROOT -88%
OTLY -88%
HOOD -88%
SPCE -88%
CVAC -88%
PTON -88%
RIDE -88%
CVNA -88%
TIGR -88%
NVTA -87%
TMC -86%
MTTR -86%
INMD -86%
PLBY -86%
SFIX -86%
PRCH -86%
AFRM -85%
APPH -85%
YALA -85%
BAND -85%
SDC -85%
WKHS -85%
HNST -84%
AMWL -84%
RIVN -84%
BILI -83%
BIRD -83%
FUTU -83%
DNA -83%
ASAN -82%
TDOC -82%
VMEO -82%
FTCH -82%
FVRR -82%
MARA -81%
FSLY -81%
LMND -81%
EDIT -81%
RCKT -81%
PATH -80%
JMIA -80%
CHGG -80%
AMC -80%
BFLY -80%
DIBS -80%
W -80%
BZUN -80%
RBLX -80%
AMPL -80%
ROKU -80%
TDUP -80%
REAL -79%
DKNG -79%
SE -79%
ANET -79%
TLRY -79%
NVAX -79%
UPST -79%
RIOT -79%
DAVE -78%
MQ -78%
POSH -78%
OLO -78%
TWOU -78%
SHOP -78%
ABCL -78%
BEKE -78%
TWST -78%
TOST -78%
BYND -77%
RNG -77%
BLZE -77%
NTLA -77%
ZM -76%
NRDS -76%
TXG -76%
NFLX -75%
This is exactly like the dot com implosion.
If you enjoy the content at iBankCoin, please follow us on TwitterSNL skit, around 2003-2004 after the internet bubble stock market crashed the Nasdaq almost 80%…
And back when SNL was sometimes still funny.
SNL skit, around 2003 after the internet bubble stock market crash … pic.twitter.com/dlWKPKnll0
— Wall Street Silver (@WallStreetSilv) May 7, 2022
Do they want to save the dollar or destroy it and issue something new? What is the real “Fed Mandate”? Control ripping inflation? Or reset?
Lmfao on that list
Pain is the mind-killer. Pain is the little-death that brings total obliteration. I will face my pain, I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the pain has gone there will be nothing. Only I will remain.
I wonder what that list looks like now
Ouch