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That's why I said probably. I think it would take something like Russia launching nukes at NATO to cause the stock market to tank in a straight line though. M
by lamontcg 4y ago
That's why I said probably.
I think it would take something like Russia launching nukes at NATO to cause the stock market to tank in a straight line though.
Maybe less extremely, Russian nat gas going to Germany being shut off overnight might do it as well.
Stocks/securities/crypto usually never go straight down unless it has become apparent that they're fundamentally worthless. I don't see that becoming common sentiment with the US economy.
More likely we're going to see a short squeeze start around now though. WSB on reddit is likely piling into the SPY heavily short, expecting the market to drop line a stone like it did at the start of the pandemic and they're dreaming of chicken tendies. They'll likely get blown out in a squeeze.
Likely, likely, probably though.
I can also predict the winner of the premiere league today based on the odds, but they still gotta play the games.