Quote:
Originally Posted by lewdog
People here were losing their shit on 2-3% drops, which is really nothing and many times is consolidation on sideways movement.
10% drop has significance and the downward trend is official IMO around this marker.
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Yeah I'm thinking there will be green days like yesterday but followed by more deeper red. Like one step up, two steps down, for a while.
When there's that much upside in the bull people are taking profits, it's just what happens. Especially with s much uncertainty still around what type of recovery there will be, how long, etc. If millions of people are on limited or no income, it's not like everyone;s gonna be ready to hop on planes and spend money.