Despite many people selling, we aren’t even close to being in a bear market.
i seen many posts and comments on this subreddit, r/tqqq, and r/investing about many people telling.
the truth is that we are nowhere even close to being in a bull market. there is a chance we rebound up from here as the market typically bounces around the 200 am to whipsaw traders.
but IMO it’s too early to panic and there’s still more time left before we see an obvious trend. people over at r/tqqq are panicking about being 24% down YTD, but it’s just that the nasdaq is down 7% and the nasdaq is typically more volatile with higher drawdowns than spy. in 2022, NDX fell 30% while SPX fell 20%.
if we do go into a bull market, i can easily see NDX falling more than SPY, but right now its too early to tell whether we will go into a full bear market or not. i have high hopes.
i seen many posts and comments on this subreddit, r/tqqq, and r/investing about many people telling.
the truth is that we are nowhere even close to being in a bull market. there is a chance we rebound up from here as the market typically bounces around the 200 am to whipsaw traders.
but IMO it’s too early to panic and there’s still more time left before we see an obvious trend. people over at r/tqqq are panicking about being 24% down YTD, but it’s just that the nasdaq is down 7% and the nasdaq is typically more volatile with higher drawdowns than spy. in 2022, NDX fell 30% while SPX fell 20%.
if we do go into a bull market, i can easily see NDX falling more than SPY, but right now its too early to tell whether we will go into a full bear market or not. i have high hopes.