Its Over, page-12548

  1. 22,991 Posts.
    lightbulb Created with Sketch. 2082




    Set to All View and you can see how much further the Russell 2000 has to go to sit on its LT uptrend line - 1400 (25% fall)
    RUT Index Charts and Quotes — TradingView

    ...the pain will get worse unless US markets stop making lower lows and lower highs - they can chop around up and down on a daily basis but there is no good news to make the markets turnaround. The only primary one is a Fed U-turn on rates but we know that is not going to happen, not yet anyway...and the second is if we get a ceasefire on the Ukraine war, and we know it is more likely we get an escalation rather than a ceasefire. And dont forget too that May 9 is just next Monday when Russia celebrates its Victory Day - some anticipate that on that day, Russia will move to declare full fledge war against Ukraine from a special operations and which then allows mobilisation of greater forces.

    ..IMO it does not matter how good your stock can be, in the near and medium term, all stocks good and bad would experience strong downdrafts, especially the ones yet to suffer big declines, if US markets continue with the new downward momentum. Picture a rolling ball down a steep hill, it gathers more momentum on the way down, that is what it will be when indices starts getting smashed. Before some people did not take notice (the buy and forget people) because the indices remained steady despite carnage across most non-indexed or non-weighted stocks.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.