That in a nutshell helps illustrate why certain events will never happen. QQQ couldn't pay that dividend in year 2000 and if anything big IT is underpaying dividends compared to what they make these days.
Oh shit, brightside literally lost everything he owned? Really? That's awesome, in an awful sort of way, of so!
I'll play along with the chart porn. A 50% retracement from the break out of the 2000 peak to the recent high would put us at around 10000. I don't think we go that low but more likely than 2000.
Now that the banks have flushed out every long position there will be a huge bounce after the FOMC next week. Bet your mother's house on it.
Margin calls amd fund redemptions still havent happened. Wait til some hedge funds blow up. This is not a normal pull back thats healthy. Its the popping of an asset bubble. So called pro’s were telling investors to buy tech when the naz was only down 10% in 2000 and again in 2008. They made their “compelling valuation” arguements.
The pendulum swings hard both ways. From my experience being alive and having the opportunity to witness brutal crashes, they are usually much more violent in nature. Maybe the FED, Automated trading being much more entrenched in the financial markets changes that some. I’m not seeing the violent sell off 5-10% in a day, but that can be right around the corner.