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
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