Description
⋅ NASDAQ behavior is very similar to March-June 2008 when NASDAQ bounced back 23% in less than 3 months and then a 50% collapse happened!
I recognized this similarity as early as March 15, 2022:
If you think in an overheating economy like this, the market will survive Quantitative Tightening, read this post:
Margin data has a lot to say about the market trends: A 25% decline indicates how bearish the outlook is!
Best,