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.

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Comments (4)

Dec 26, 2017

Shut up fool

Dec 26, 2017
ForexOptions:

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.

ok.............. so ask 'why were there not enough buyers'

The answer does not lie solely in technical analysis.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 27, 2017

Jesus, please someone help teach this poor soul how stock valuations work

Jan 16, 2018
Comment