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#MAGA bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:
1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.
2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.
3. the 6th and 8th (tied) largest gains came during the covid panic in 2020
In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.
Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).
#uspol #recession #stockmarket #finance #trump #tariff #tariffs #QQQ #Nasdaq #GreatFinancialCrisis #GFC #buythedip #BTFD #economy #economics
1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.
2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.
3. the 6th and 8th (tied) largest gains came during the covid panic in 2020
In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.
Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).
#uspol #recession #stockmarket #finance #trump #tariff #tariffs #QQQ #Nasdaq #GreatFinancialCrisis #GFC #buythedip #BTFD #economy #economics
