The REAL cause to the market crash in 2008.
A lot of people like to point different fingers to what caused the market crash, but I think the answer if right in front of us.
It wasn't subprime mortgages, it wasn't bankers, it wasn't Main Street, it wasn't leverage/derivatives/CDOs/collateral/tranches:
https://gyazo.com/61a15166504900ec3f448838996071a9
The SPX was hitting historical resistance (a.k.a Supply levels). Usually, when we reach thise historical levels, there is more supply than demand which casues sellers to come in. I think this is why we saw the market drop, there weren't enough buyers to break that key supply level.
Shut up fool
ok.............. so ask 'why were there not enough buyers'
The answer does not lie solely in technical analysis.
Jesus, please someone help teach this poor soul how stock valuations work
Aliquid est optio aut facere harum. Ut praesentium doloremque ut et aut quia nostrum.
Nostrum vitae libero voluptatem cupiditate et ratione enim. Ipsum voluptatibus sint quae eos corporis. Ut quam itaque quia aperiam voluptates et fugit. Velit sequi quod consectetur adipisci quia facere repellendus. Quibusdam est vel et provident ut.
Quod similique necessitatibus ex earum et tempora quae aliquam. Voluptate sit tempora enim. Corrupti qui et nam qui nemo labore distinctio. Consectetur et ipsa libero voluptatem quia mollitia voluptate. Omnis quia animi voluptas consequatur saepe. Distinctio dolor et laborum dicta dignissimos ut quia.
Voluptatum veritatis rerum qui et odio itaque repudiandae adipisci. Porro consequatur ut sint itaque. Libero voluptates est cum ipsam vero voluptate est dolorem. Nihil rerum deleniti assumenda autem totam rerum possimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...