Investors Panic As Markets Collapse To Levels Not Seen In Over 10 Days

Investors Panic As Markets Collapse To Levels Not Seen In Over 10 Days
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A panicky mood was evident on Monday as pale, trembling CNBC anchors, framed on the television by the blood-red tickers of tanking stocks, reported the fourth day in a row of losses in the S&P 500.

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Q4 2020 hedge fund letters, conferences and more

Unprecedented Losses In The S&P 500

Now over seventy basis points off the all-time highs, the S&P 500 has dropped to a level below every closing price for almost 2 weeks. With the markets in such disarray, analysts expect Jerome “J-Money” Powell to announce additional QE and lower interest rates on behalf of the Federal Reserve.

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“It’s just so hard to protect investors. In the old days it was easy,” Powell said, between snorting cocaine through a $100 bill, “we just had to announce that we were close to a phase one trade deal with China and BAM, markets up 1%. I wonder what ever happened to that trade war, anyway,” he added.

“I think we’re entering a bear market,” says a retail investor, “I’ve never seen the markets drop like this, and I’ve been trading the markets for over forty days!”

This article first appeared on The Stonk Market.

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