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Tuesday, February 23, 2021

A rare event only happened once in the Dot.com bubble

Just saw this posting forwarded by my friend. So thought to share with you. 

Yesterday (Feb 22) was an unusual day – it's very rare that the Dow Jones Industrial Average is up, while the tech-heavy Nasdaq Composite Index finishes down more than 2%.

A friend shared this chart showing the only times this has happened in the past 35 years:

Note that nearly every occurrence was during the bursting of the Internet bubble from 2000 to 2001, when the Nasdaq crashed by nearly 80%.

Could something similar happen today?  I personally think this is one of the clear signs for the making of the market Melt-down that will likely follow the footstep of this ongoing Melt-up. I don't think this is an imminent threat yet but may be in the next 6-12 months, we will see the ultimate climax of this manic preceding the next epic market crash, i.e. the MELT-DOWN!

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