It may not quite be a "Markets In Turmoil" banner, but it is a close equivalent I bet. pic.twitter.com/94yK5GSMyc
— Tom McClellan (@McClellanOsc) January 24, 2022
The current market rout is completely rational. It was the run-up that was irrational.
— Jesse Colombo (@TheBubbleBubble) January 24, 2022
Many people (cocky, new traders) are learning their lesson right now and that's a good thing. That's justice.
Ignorance should not be rewarded, yet that's what the Fed did.$ARKK $QQQ pic.twitter.com/YpIPwa5hJM
To all of you crowing about "bear market territory" or similar phrases, please understand that professionals do not use that term. The media do, and it does not help you. Learn more here https://t.co/XdbW2sPHNv, then resolve yourself to refrain from using such pointless terms. pic.twitter.com/p9Itthuftd
— Tom McClellan (@McClellanOsc) January 24, 2022
food for thought. SPX forward p/e has now retraced 100% of pre-covid p/e expansion. currently at 19x forward, still elevated but this is progress. fwiw fall to -2 sigma band is -6.5% from here pic.twitter.com/heRqHWAjZ5
— MrBlonde (@MrBlonde_macro) January 24, 2022
The good news is, stocks are getting cheaper. Price/Sales of the S&P 500 is now just 20% above the dot-com level. pic.twitter.com/TNRDH44ARs
— Oliver Renick (@OJRenick) January 24, 2022
In Retrospect: (1) I never mince words when sending out warning or advice--it may sound bold at the time, but it is based on special insights. (2) in a major cycle/trending turning pivot, ALL TA indicators stop working. (3) If you don't know who's a newbie, then you are. Stay out
The $VIX is now at its highest level since October 2020. Seeing some signs of panic selling. This is good. pic.twitter.com/eG20fcGx3d
— Charlie Bilello (@charliebilello) January 24, 2022
#NQ_F and Nasdaq's Advancing - Declining Issues
— Yuriy Matso (@yuriymatso) January 24, 2022
The Nasdaq's Composite Advancing - Declining Issues set a new record today -- negative 3663. This has never happened before. pic.twitter.com/5hQP8UgOYn
From 1/14 (10 days ago) Forecast Update: "The potential crash cycle I am watching had 1/13H and the crash wave is into XXX major Low." We have declined 546.83 SP's and counting so far today. There is now a proprietary Brock's Tunnel Price target of 4216.04 SPX. pic.twitter.com/Akazwtenh5
— Rajacar (@TimeandCycles) January 24, 2022
⚠️BREAKING:
— Investing.com (@Investingcom) January 24, 2022
*NASDAQ FALLS 2%, ON TRACK FOR WORST JANUARY EVER$QQQ pic.twitter.com/VUhEIZXVJ7
Here comes Marko.
— Carl Quintanilla (@carlquintanilla) January 24, 2022
JPMORGAN: Equity bearishness “is overdone, and out of line with activity momentum, easing bottlenecks, and what we expect to be a strong earnings season. .. margins to remain resilient .. we are OW Financials.. the selloff on margin concerns appears excessive.” pic.twitter.com/Nibwg3lAdM