the only reason the index is starting to collapse only now is because tsla and nvda are being cut into now. people dont understand that the index is pretty much just reflective of the mag7. this "upcoming" bear everyones been talking about, its been happening all year
I know this is going to be hard for a lot of people to digest.
But the damage underneath the US stock market is absolutely INSANE.
Nearly 50% of US stocks are trading 30% or more below their 52-week highs.
And that's just the beginning.
> Roughly 70% of stocks, or nearly 4,000 companies, are already in a bear market from their all-time highs.
Now here's where things get really ugly.
> 2,600 stocks are down 70% or more from their all-time highs.
> And 2,200 of those are down OVER 80%.
Read those numbers again.
Thousands of stocks have lost most of their value
And people wonder why so many retail portfolios have been absolutely destroyed.
Allie retweeted
"They're going to kill you" well I hope they start trying soon because I need some adrenaline in my life
