So tired of this headline. S&P dropped 20% to levels not seen since… 2021. 2020 levels for the QQQ’s. When the markets dropped 20%+ in prior market crashes, it set the markets back multiple years. This year’s 20% drop was measured from an all time high that was set at the height of a hyper inflated market (I’ll stop short of calling it a bubble).

The fixation on the YTD drop of 20% by the media seems like an attempt to assuage investors and make investors believe that the market has corrected. Not saying it is or isn’t a good time to invest, but I’m always skeptical of whatever narrative the media is trying to push.

I made a killing shorting through the supposed Xmas rally. Just think about how many media outlets were wrong on that call. Oh, and they also got it wrong every time they pushed the narrative that the fed would pivot. Leading up to every single FOMC meeting.

Edit: rewording