๐ฅ DONโT BE FOOLED - THE MARKET IS CRASHING!! ๐ฅ - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/michaeljburry/status/1522003443916943362
https://www.cnbc.com/2022/05/04/fed-raises-rates-by-half-a-percentage-point-the-biggest-hike-in-two-decades-to-fight-inflation.html
https://www.reuters.com/business/finance/wall-street-sees-greater-risk-default-by-major-banks-2022-05-03/
Don't be fooled, the market is still crashing.
Yesterday, the Fed rose interest rates by 50 BPS, this was lower than the expected 75 BPS, therefore, less tightening, therefore, stonks go up.
However, this will be quickly un-done, as the market will continue to fall.
Michael Burry pointed out that during the 2000 crash and the Great Depression, there were tons of 'mini' rallies, with an average of 22%, while the market was falling 70-90% in total.
Therefore, one green day does not mean the market crash is over! and is likely to continue for 3-6 months more.
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