One of the other reasons the bulls kept hounding the “bulls will return and markets will make new highs” crowd has been so confident was the years and years of “all the cash on the sidelines” narrative.
Then this happened this week:
I think it is safe to say that between market losses and savings being destroyed by Bidenflation the retail investor is pretty much dead. It would be nice if the permabulls would learn that once they run out of patsies their precious long term eternal bull market is dead. There will be a reckoning for this speculative insanity unseen by this generation; in fact unseen for ninety years.
No matter how much the Fed tries to rig it. More on that later.