HISTORICAL THREAD🧵 $SPY $QQQ $DJIA
There's been comparisons of this #stockmarketcrash
with that of 2008
People have been saying that 2022 is not 2008
They're not wrong, but let me give you a challenge
These are all weekly charts of the Dow Jones, so they're all significant bear markets and crashes. Can you tell me what year this occurred?
This one?
What about this?
This?
This one?
And this?
None of them are the Great Depression. In order, the crashes are in 1917, 1903, 1966, 1937 and 1907
The last one is 2008. Were you able to tell which year was which? Probably not.
The markets are a reflection of human nature and they tend to move in similar patterns over time
When fear steps into the picture, it doesn't matter what year it is or what's going on in the world
What we need to look at is how the market is reacting to it and how we can take advantage
When a stampede is coming your way, it doesn't matter if a lion scared them or a mouse
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