S&P 500 IndexShort
$SPX 2000's vs 2020's
They don't overlap perfectly, but I noticed a distinct similarity between the DotCom bubble/bust fractal and the current SPX chart, which I have referred to here as the BidenBust just because of the alliteration (and CoronaCrash was already taken back in 2020). Additional similarities include the Tech sector suffering heavy losses, significant geopolitical conflict (9/11 and Ukraine), and trading firms who used backdoor accounting had competitor buyout offers fall through before declaring bankruptcy (Enron and FTX).
SPX chart, which I have referred to here as the BidenBust just because of the alliteration (and CoronaCrash was already taken back in 2020). Additional similarities include the Tech sector suffering heavy losses, significant geopolitical conflict (9/11 and Ukraine), and trading firms who used backdoor accounting had competitor buyout offers fall through before declaring bankruptcy (Enron and FTX).
Made w/ ❤ by @BarefootJoey ✌💗📈
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