It’s easy to forget how short the market’s memory is.

Still remember the last few months of 2022. The S&P 500 was down nearly 25%, the Nasdaq had crashed over 35%, and inflation was out of control. The Fed was hiking rates aggressively, and it felt like a deep recession was inevitable.

Goldman Sachs or JP Morgan (don't remember which) predicted the S&P 500 would go all the way to 3,000. Michael Burry suggested an even bigger collapse taking S&P500 back to 1800. Most investors were convinced this was just the beginning of more pain. Even then people talked about stagflation and going into the lost decade.

Meta, in particular, was the poster child of despair. Down 75%, from $380 to $88. People genuinely thought it would never recover. The ad market was dying. Reels weren’t making money. Zuckerberg was "burning billions" on the metaverse. Investors wanted him to shut it all down.

It wasn’t just Meta. Amazon reported its first unprofitable year after a long time. Google’s ad revenue shrank. Microsoft’s growth slowed. Tesla was down to $113 at its lowest. Institutions were slashing price targets left and right. Investors were selling at the lows, convinced things would only get worse.

And then... the market did what it always does. Slowly, things started improving. Companies adapted. Earnings stabilized. The panic faded. By mid-2023, inflation was cooling. The Fed hinted at pausing rate hikes.

Meta posted a solid earnings report. Then came $40 billion in stock buybacks. The stock doubled. Then doubled again. Amazon recovered. Nvidia went on a historic run. The Nasdaq had its best year in two decades in 2023. By early 2024, Meta, Nvidia, and Microsoft were hitting all-time highs to reach even higher by end of 2024. Two years of record gains.

When markets are crashing, it feels like they’ll never go up again. When they’re at all-time highs, it feels like they’ll never go down. Neither is true.

So investors, it's going to be fine. Just be calm and hold tight. And if you can, keep buying.

It’s easy to forget how short the market’s memory is. I think this community understands it better than anyone else, but it's still worth re-visiting from time to time.

I still remember the last few months of 2022. The S&P 500 was down nearly 25%, the Nasdaq had crashed over 35%, and inflation was out of control. The Fed was hiking rates aggressively, and it felt like a deep recession was inevitable.

Goldman Sachs or JP Morgan (don't remember which) predicted the S&P 500 would go all the way to 3,000. Michael Burry suggested an even bigger collapse taking S&P500 back to 1800. Most investors were convinced this was just the beginning of more pain. Even then people talked about stagflation and going into the lost decade.

Meta, in particular, was the poster child of despair. Down 75%, from $380 to $88. People genuinely thought it would never recover. The ad market was dying. Reels weren’t making money. Zuckerberg was "burning billions" on the metaverse. Investors wanted him to shut it all down.

It wasn’t just Meta. Amazon reported its first unprofitable year after a long time. Google’s ad revenue shrank. Microsoft’s growth slowed. Tesla was down to $113 at its lowest. Institutions were slashing price targets left and right. Investors were selling at the lows, convinced things would only get worse.

And then... the market did what it always does. Slowly, things started improving. Companies adapted. Earnings stabilized. The panic faded. By mid-2023, inflation was cooling. The Fed hinted at pausing rate hikes.

Meta posted a solid earnings report. Then came $40 billion in stock buybacks. The stock doubled. Then doubled again. Amazon recovered. Nvidia went on a historic run. The Nasdaq had its best year in two decades in 2023. By early 2024, Meta, Nvidia, and Microsoft were hitting all-time highs to reach even higher by end of 2024. Two years of record gains.

When markets are crashing, it feels like they’ll never go up again. When they’re at all-time highs, it feels like they’ll never go down. Neither is true. So just be calm and hold tight. And if you can, keep buying.

If you found this interesting, read more such ideas and thesis here

The resilience of the current price of equities/S&P 500 index, when compared to the price movement and market sentiment in 2022 seems quite surprising.

We had a crash in 2022, mainly in Tech companies. In hindsight, it was considered to be mainly caused by interest rate rises, lay-offs in the tech sector, Big Tech Antitrust Investigations in the USA, Europe and, I think even in China (Jack Ma becoming absent from public view for a little while).

Yet, between Jan 2022 (Shiller CAPE just under 37) and Oct 2022 (Shiller CAPE around 27) the S&P500 fell by 23% or so (Meta fell by around 70%, and was a bargain), and even Berkshire fell by around 16% or similar (to demonstrate that the price drop was wide spread and even reached 'non-tech' companies). So you can see from this picture, that the rationale for the pessimism was very concentrated, and not wide spread across various areas of the local or global economies, even though the price drops were.

Looking back at that, even when experiencing it at the time, IMO nothing had fundamentally changed; the Tech companies' products would still be used by billions of people (even if they were broken up), they were still going to generate revenues and profits, have high margins and there was no real recession or fears of one that I can remember. No concerns about the government, or the SEC or any other core organisation. No issues with reduction in consumer demand etc. So, overall, it was just this one tech related issue (as perceived by market participants, maybe a little bit of interest rates thrown in), and yet, the market shed 23% in 10 months or so.

On the other hand, the concerns that people seem to be having now are numerous, varied, disparate and fundamental.

Things people have talked about with regards to the USA now, most, not all, of which were not remotely concerning in 2022:

1. Market is priced quite high, maybe overvalued - S&P 500 Shiller CAPE of just under 38 in Jan 2025, and currently probably around 33. 60% of the global stock market cap as presented by MSCI? vs 25% or so of Global GDP. For context, historical average of CAPE ratio is around 17.

2. It took 7 months for the S&P 500 to drop 19% in 2022, in 2025 it did that under 2 months (before recovering some), so that is a much sharper fall than in 2022.

3. Concerns about Tariffs and Trade wars and its impact on consumer spending.

4. Effect of the above on inflation, which was just about to be gotten under control.

5. Businesses cooling off from investments due to the chaotic and unpredictable environment.

6. Unemployment at historical lows in USA, that means Fed might be limited in what they can do with lowering rates.

7. Spooked bond market and rising yields due to US Govt Debt sell off.

8. Concerns about insider trading and/or market manipulation by the administration and those who are close to it.

9. Concerns about the competency of the current US administration (handling of Signal Chat leaks, Peter Navarro qualifications or lack thereof and the bizarre Tariff formula, $Trump and $Melania kript0 pump and dump, DOGE handling or lay-offs, among many other things).

10. American reputation and brand deterioration amongst its close allies and trading partners.

11. Concerns about whether laws are being applied with as much integrity as they used to be and equally for the rich and the average person, resident citizens vs those on Visas etc.

There may be other things which I may have missed. (I haven't mentioned the many 'little issues', like Gabbard declaring her residency in Texas and voting in Hawaii etc. etc.)

So, it appears that there are far more, wide ranging, diverse, and fundamental reasons to be concerned and pessimistic now about the future and market prices, than there were in 2022, and yet the market seems more optimistic than it should be, based purely on how much it has dropped when compared to 2022, at least until now.

Is that a fair take?

Should there be more pessimism as expressed in the price drops of equity markets, than has occurred thus far? Perhaps there is pessimism in the mainstream discourse but it doesn't appear to be reflected in the market prices to the same degree.

We can’t be sure whether we’re at the beginning of a downturn, in a sideways market, or in a recovery phase. Opinions are divided.

No one knows exactly..

But if we were to see a massive year-long crash like in 2022, what stocks would you buy and why?

Dears,

I have currently around 150.000 EUR that became available for investing. I intend to buy VWCE via Degiro broker, but I'm doubting very much if it's the right moment now, seen the current top positions of the stock markets. I know it's the philosophy of FIRE to not look short time and invest only with the long horizon in mind, but I'm wondering if it's now really the right moment to invest, if a big crash such as 1929 or financial crisis in 2008/2009 might happen very soon. Especially an article on Businessam.be (https://businessam.be/loert-de-grootste-beurscrash-ooit-om-de-hoek-volgens-deze-4-indicatoren-wel/ ) worried me. What do you think?

As many Financial experts and degenerates (like me) have observed there are three major issues going on in the financial world. The first main issue is that the interest rates are being out paced by the inflation rates. This means that those who are loaning out money as losing buying power. The second issue is that the price of houses has been rocketing upward. This is an issue because the majority of the interest rates are so low causing people to be willing to take a larger loan for a house that isn’t quite worth as much as the face value of the loan. This over pricing of the housing market must be correct, meaning a drop in the value of houses.

This will be cause by a correction to problem one. This will cause the value of many houses to plummet and many the value of the house to not be enough to back the mortgages. This may lead to a housing market crash.

The third issue is partially correlated to issues one and two. This issue is the majority of stocks are currently priced massively over their intrinsic value. This can be in part to an over optimistic view being held by investors that these businesses will do very well within the next year. This will in time correct its self. This correction will likely be caused by an end to the injection of additional government funds into private businesses. When the market begins to dip the new phenomenon of the quick access to the stock market by retail investors via investment apps. My hypothesis is that these investors will see a major dip in the market and will attempt to sell all of their stocks, causing the dip in the stock market to compound and begin to go into a crash.

I believe all of this issues will take place in March as the fed will raise interest rates and the government will stop injecting additional funds into private business.

Feel free to quote me.

For the smooth brain PermaBulls saying the rich won’t let this market fail. Guess what?

Billionaires are CASH GANG right now or BUYING PUTS. The rich will most certainly be making money in a crash slow or fast. You’ve got U.S. senators buying Puts, you’ve got Burry CASH GANG & buying Lockheed Martin back in Nov. (that man knows we’re going to war) you’ve got Goldman Sachs Partners getting a one time UNUSUAL PAYMENT (reward) for their efforts in 2021 (biggest Bull trap ever) if you can’t see the rich have already exited their positions, there’s no hope for you. YOUR WENDY’S PAYCHECK CAN’T BUY THE DIP FASTER THAN THEY CAN SELL.

This crap market started Jan. 5th (probably right when the wage slave algo workers came back from their vacations and tweaked the algos). It’s clear as day the tech sell off and slow rotation to value stocks are an effort to preserve Boomers retirement funds. The media is labeling it a correction because that’s the only label they can say to not spook the boomers. The media and the markets are trying so damn hard to pump the news. Guess who has the most wealth tied up in the market? Boomers. Guess who isn’t buying the dip? Boomers. Guess whose not here on WSB in big numbers? Boomers once again. Most of the people on Reddit are millennials/Gen Z and maybe some Gen X.

There are so many boomers retiring from 2020-2022 because they don’t want to deal with Covid or the changing workforce. That’s why the labor rates is so high, their is a massive imbalance from Boomers to the rest of the generations and already their are articles shaming Gen X & millennials for not pushing out enough Gen Z children to keep this gravy train rolling.

So how will the crash happen? Boomers are going to want to lock-in their profits so they can stay retired. How much longer of a market downturn are they going to be able to stomach? Boomers listen to Boomer Media so they’ll fall for whatever the talking heads on the media are saying. Cramer saying “don’t sell it won’t feel good” (always inverse Cramer, don’t forget 08 Lehman Brother’s is a buy, then very shortly later bankruptcy) Big Media pushing out Bull centric articles saying “be unemotional, don’t look at your portfolio”. It’s all to keep them from noticing. If you’re a millennial or Gen Z go ask your parents right now if they think this is a crash. They’ll just repeat the talking points the media is telling them.

Also I bet there’s a few boomers on this sub reading this. You’ve lived through 2008 and saw older co-workers that were going to retire and then saw the same co-workers back at work because they couldn’t afford retirement because their life savings tanked! You Boomers reading this know that 401ks at the end of the day are still Unrealized gains. Interest rates are going up so it’s not like you can switch to bonds to try and preserve your net worth either. The only way a boomer can preserve their money right now is going cash like back in Nov. 2021. The 2nd best time is now.

Now back to the smooth brained permabulls who have only ever known Stonks going up. Ask yourself, do you think Boomers want to ride out a volatile stock market in retirement (media coined it kangaroo market to explain it to them) Boomers have low risk appetite and this market has them spooked.

But guess what a lot of boomers are going to realize soon if you’re first to sell you’re gonna be alright and make out ok. (The billionaires realized that in Nov. 2021)

Now let use a scenario all of you smooth brains PermaBulls will understand. Look no further than the whole GME situation. Folks who sold at $300 and locked in the gains were fine and moved on with their lives. Right now there are still bag holders still to this day waiting for whatever their “plan” is. The same way the boomers and their 401k’s are just listening to the media. However the boomers aren’t like the smooth brains holding GME, they’re looking at their LIFE SAVINGS and are going to realize I’m not going to get caught holding bags like people I knew in 2008.

TL;DR Market Crash will happen because the talk of it is here and no Boomers are going to continue to hold their investments once they get spooked. Media is keeping things calm because they don’t want a sharp sell off.

DD (Literally everyone’s boomer Mom & Dad) go ask them and watch the same things I just mentioned above come out of their mouths.

Disclaimer I’m holding March puts on anything cheap. Best of luck to everyone’s Boomer parents, I hope they’re able to salvage what they can of their 30 years of gains. If not blame the rich since they not only rigged the markets but the media too.

My understanding is that the dip was caused primarily by the fed's shift in monetary policy, the war in Ukraine, and lingering supply chain disruptions from the pandemic.

My mother insists the cause was Biden's decision to shut down the Keystone pipeline. I am hardly economically literate, but this seems to contradict what I take to be my most basic economic knowledge. I brushed her off, but she felt so strongly that I feel like I need a sanity check. Is there any credence to what she said? Thanks in advance.

A bunch of analysts are starting to predict a 1929-style market crash by the end of next year.

Consumer Price Index is at the highest it's been in decades in many categories. The real estate market seems to be in a bubble in many sectors. Market speculation is at unseen levels. Political tensions around the world are getting worse. China's debt is getting out of control and the US fed is printing money like never before. Something something COVID.

Are we going to hit a wall soon?

I’ve been looking into this recently and reading 30+ articles a day and I’ve heard a lot of talk about stock market crashes in January and April 2021 and much worse crashes in 2022. I’m very bullish overall but the lack of optimism in general is slightly worrying. So I just want to get some people’s thoughts on this to see if it’s just talk or there is some truth to this. My biggest concern out of all of this is if the stock market will even recover/how long the supposedly “bigger” crashes will last because I’ve even read a few articles saying that our economy is completely dead. That right now it’s just the government supporting the banks which support the zombie companies that aren’t even pulling a profit. And that the 2022 crash which is supposed to be the biggest we won’t even recover from. Thank you for your response.

I think a lot of us on this subreddit are concerned about what will happen to the market in 2022 or will there be a market crash due to "the everything bubble"? I've read a number of posts and watched a greater number of videos dedicated to this topic and, I guess, I haven't found a good fundamental reason to "why market might crash in 2022".

Usually when dicussing this topic, experts talk about the indicators that can tell you that there is a bubble about to burst. That includes a number of things:

• insanely high P/E ratios and market cap, overvalued companies that only promise to make money in the future

• growing popularity of investing, which leads to the emergance of a large number of new investors who trade rather irresponsible and stick to momentum trading strategy

• price growth, high inflation and federal reserve printing a lot of money

the list goes on...

But can someone tell me what might be the fundamental reason for a market crash? For example, if we look at year 2008, we can say that the reason was people not being able to pay their mortgage. After the floating rates came into force, the whole market went down. So what might be the "2022 market crash" scenario? What might happen?

P.S. sorry for potential lexical and grammatical mistakes, not a native speaker

It’s easy to forget how short the market’s memory is. I think this community understands it better than anyone else, but it's still worth re-visiting from time to time.

I still remember the last few months of 2022. The S&P 500 was down nearly 25%, the Nasdaq had crashed over 35%, and inflation was out of control. The Fed was hiking rates aggressively, and it felt like a deep recession was inevitable.

Goldman Sachs or JP Morgan (don't remember which) predicted the S&P 500 would go all the way to 3,000. Michael Burry suggested an even bigger collapse taking S&P500 back to 1800. Most investors were convinced this was just the beginning of more pain. Even then people talked about stagflation and going into the lost decade.

Meta, in particular, was the poster child of despair. Down 75%, from $380 to $88. People genuinely thought it would never recover. The ad market was dying. Reels weren’t making money. Zuckerberg was "burning billions" on the metaverse. Investors wanted him to shut it all down.

It wasn’t just Meta. Amazon reported its first unprofitable year after a long time. Google’s ad revenue shrank. Microsoft’s growth slowed. Tesla was down to $113 at its lowest. Institutions were slashing price targets left and right. Investors were selling at the lows, convinced things would only get worse.

And then... the market did what it always does. Slowly, things started improving. Companies adapted. Earnings stabilized. The panic faded. By mid-2023, inflation was cooling. The Fed hinted at pausing rate hikes.

Meta posted a solid earnings report. Then came $40 billion in stock buybacks. The stock doubled. Then doubled again. Amazon recovered. Nvidia went on a historic run. The Nasdaq had its best year in two decades in 2023. By early 2024, Meta, Nvidia, and Microsoft were hitting all-time highs to reach even higher by end of 2024. Two years of record gains.

When markets are crashing, it feels like they’ll never go up again. When they’re at all-time highs, it feels like they’ll never go down. Neither is true. So just be calm and hold tight. And if you can, keep buying.

If you found this interesting, read more such ideas and thesis here

I see people on here that that the 2nd great depression and the fall of the US empire is happening because of the market going down. The market went down abou 25% in 2022 but see no one talking about that now. Is there any reason to think it won't go back up after a year or 2? Asking those who are at least 30 years of age.

Look at this chart https://imgur.com/a/QjvYId3

The red line has acted as resistance the entire bull run. Then it breaks through. That’s when fed started QE.

Then look at the drops since 2018. Progressively bigger and bigger as the bull run continues to get extended.

We are going to crash fucking hard. Increased interest rates will do it.

Pandemic dropped us 35%, a 50% crash to end a 14 year bull run is 100% realistic

There was the dot com bubble, then the real estate bubble, now we are in the fed bubble and in 2022 shit will pop.

We are headed back to the red line then bouncing off it to start a topping process and new all time highs. Then bond yields will invert and margin debt will peak and we will plummet.

100%

Recent Commentary on the Down Economy

• JP Morgan CEO Jamie Dimon now says that we'll have 'something worse' than a recession.

• Meta CEO Mark Zuckerberg says, “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history.”

• Galaxy Investment CEO Mike Novogratz says, "The Economy Is Going to Collapse. We Are Going to Go Into a Really Fast Recession."

• Tesla and SpaceX CEO Elon Musk, even though he said he has "no further TSLA sales planned," he just dumped $7 Billion worth more of Tesla stock.

• Berkshire Hathaway CEO Warren Buffett just saw Berkshire Hathaway lose $44 Billion in Q2 2022 alone. He is throwing in the towel on many stocks.

• Goldman Sachs Economists now see a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession

The Technicals

2022's first half was the worst half to a stock market year in the last 52 years. This saw the S&P 500 move down from 4,818.62 to 3,636.87. This is a range of 1,181.75. Of this range, an ideal fibonacci retracement (bear market short-term rally) would be 61.8% back up in this range. That takes us 730.32 up from 3,636.87 which gives 4,367.19. Yesterday's high was 4,325.28. This high was within 1% error of the ideal 61.8% Fibonacci retracement.

Thus, the 50 Week Simple Moving Average of the S&P500, as a further catalyst for resistance, will reject the S&P500 down, thereby allowing for the horrible stock market downturn to continue.

That said, the first half of 2022 was the worst in 52 years, the third quarter was one of the best, and the fourth quarter may end up being the worst stock market quarter on record. Here is a visual:

Weekly Chart: Both the 50 Week Simple Moving Average and the completed 61.8% Fibonacci Retracement are now serving as the catalyst to resist/reject the S&P500, thereby allowing for the continuation of 2022's worst market downturn of all time

The Daily chart is just as bad: In this case, the price is rejected by the 200 Day SMA

1929-crash-like Margin Deleveraging

FINRA Margin Statistics has been updated to include July. As expected, we got a slight reprieve in debit balances in customers' margin accounts. Nevertheless, graphing the data and adjusting for the near-record inflation for each data point, we can see that we are still in the worst bubble by value in the history of the stock market.

Fibonacci of this graph shows that Margin has to collapse up to $370 Billion more from August's expected margin value), depending on the strength and speed of the deleveraging.

FINRA Margin Totals, Adjusted for Month-by-Month Inflation. Dotcom crash (left bubble), 2008-2009 crash and great recession (middle bubble) and the current bubble (right). Fibonacci retracement values are listed for 61.8% and 78.6% of each deleveraging period. One can observe that the bottom of margin deleveraging bottoms within that range, depending on the strength and speed of the unwinding. (61.8% seems to correspond to slow and weak, and 78.6% seems to correspond to fast and strong). The data shows that the market will continue to deleverage and crash

TLDR:

Unfortunately, summer is ending. The short-term rally has expired, as technicals show three problems for the stock market: 1: A perfect rejection off the S&P500's 50 week Simple Moving Average, 2. The 61.8% retracement already happened, and 3. A perfect rejection off the S&P500's 200 day Simple Moving Average. In a 1929-like scenario, total margin (and adjusted for inflation) shows that we are still in the largest margin bubble of all time. Fibonacci levels on the inflation-adjusted FINRA margin data show that the market has to still undergo up to $370 Billion of deleveraging. Therefore, I am hereby predicting that the fall and winter months of 2022 will be some of the worst months in stock market history. Leading market strategists such as Dimon, Zuckerberg, Musk, Novogratz, and even Warren Buffett concur, and some say that 2023 will be a Depression. Will 2022's crash lead us into 'the greatest depression,' and do you think Warren Buffett will die [either because of or] during this crash/depression? Please provide your thoughts and comments below.

I'm interested in everyone's expectations in the market next year as we enter into an interesting situation with inflation, supply constraints, constant pent-up demand, interest rate hikes (later), and faster tapering.

I'll give my expectations here first

I think that inflation will remain fairly high through 2022 but it won't be at the levels that it is now, maybe around 3-4%, which puts most bonds at negative real rates right now, forcing investors if they want a real return to go into the equity markets and/or chase high yield bonds.

When the federal reserve starts hiking interest rates I personally don't expect that they will raise them at a very fast pace however if inflation doesn't start taming down they might. When rates rise the risk-free rate rises and its effect on equities is usually bad. As the discount rate rising the price that investors are willing to purchase a security will decrease or at least for institutional investors won't which of course make up most of the market. I think that may not be the case next year however because if investors still need to go into the equity market to chase real returns, the equities should still rise. I'm worried that equities are already in a slight bubble and that another year of these returns could show a market correction back down. If I was a betting man I would assume that within the next 1-3 years there will be a negative return in the S&P500 which has only happened once in the last 12 years.

Investors still can't enter into the bond market without giving up a return. Sure an investor can buy futures contracts on treasuries because they expect an upward shift in the yield curve, which I expect to happen, to get a higher yield and decrease their interest rate risk. However, if you cannot accurately predict when the fed is done raising rates then that won't help you as when you are obligated to buy those treasuries you will have interest rate risk issues. Buying short-term bonds to help with duration would help that problem but those also will more than likely result in a negative real return anyways if inflation doesn't cool off and the equity should've been the move anyways.

I would say that the Financial Services sector will benefit from the rising yields especially as corps and people demand large purchases as demand is hot.

I would also say that Industrials and Cyclicals will outperform as demand will drive the Cyclicals and the Industrials from infrastructure and servicing the demand in Cyclicals.

I think that elevated Materials prices will fall, hurting that sector.

Staples could be a hedge against a downturn in the market which I expect in the coming years.

Technology and communication services may have a bumpy road ahead with rising rates because the discount rate increasing hurts them the worst. Comm services wouldn't be as greatly affected but because of high tech companies in the space. More value may be the direction to take.

I'm always bullish on healthcare as innovations and rising populations will always benefit that sector. I may change my focus away from Biotech and into more stable earning healthcare companies.

Personally, I think Value over Growth or at least blend.

And this is of course not financial advice just my personal opinions on the market next year.

Just curious on everyone's thoughts. I wouldn't think it'll be as bad considering a lock down is more extreme but a recession would probably be over a longer period of time.

I feel like there’s a consensus on stock forums that a catastrophic market crash akin to the dot com burst is happening soon. They use historical prices to back it up, and they inform anyone who’ll listen to sit on large quantities of cash, because everything will come crashing down soon

Is there anyone out there that thinks that won’t happen?

I can see a -20% decline over the course of a couple months happening in the next couple years. I can also see certain industries that are inflated to come crashing down. If you see what happened to ZM from October to December, I can easily see something like that happening to a variety of different growth stocks that are completely mispriced.

But we also have companies making a LOT of money that can justify a lot of the prices. AAPL made over $100 billion in a single quarter, and they’re growing 20% YoY. They have almost $200 billion in cash alone, and they’re innovating and finding new ways to make money. Why is a $2 trillion market cap unreasonable?

Same with AMZN, MSFT, and other big tech companies. Unlike the dot com levels, tech companies are actually making a lot of money. I personally can’t imagine a -40% market drop that later stagnates for years on end when companies like AAPL have most cash in hand than their entire 2010 market capitalization .

I know this post is going to get of snark, but I hope we can have an actual discussion. The people who have been screeching “MaRkEt CrAsH iMmInent” are the ones that have been losing the most these last few years (by having large portions of their money uninvested in the midst of an incredible bull run)

With investors finally realizing the potential these tech companies have nowadays, and with tech companies making more money than what was once ever thought possible, does anyone else think a catastrophic market crash just.... won’t happen?