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Misc Stock Market

tempo47 said:
What even caused the crash today? The fed chair announcement?
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I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!
 
superjames1992 said:
I think so. I think the markets expected Trump to appoint a degen who would slice interest rates down to zero, and instead it's a fairly conventional pick. I imagine the reversal then caused a lot of longs leveraged to get wiped out. Insane to see this kind of volatility in precious metals!
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Not sure if what i read what correct but 6 trillion was lost in market cap on gold and metal today apparently
 
crypto getting annihilated. I’m still short Qs from Thursday. If this whole market doesn’t rollover hard in Feb.

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It would be shocking to me if the Qs doesn't pullback to atleast $500 this year...and SPY $600. That would be a routine correction after a 3+ year bull market run. I think a bigger bear market is on the table but I am definitely biased bearish right now...which isn't easy when the market appears to only go up.

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