[baq]

It can always go lower, but this is called bear porn.

Path of least resistance is higher; too high too fast for too long causes people to lever up and this blows up sometimes, like in the past few sessions.

Question is how much of the carry trade will unwind now. Regulators will socialize the losses if it happens all at once, that you can be sure of.

[birracerveza]

Sure, but I wasn't talking about long term, I meant to point out that it's foolish to say "but my folio still up tho?", especially this early while things are still unraveling.

[baq]

It's actually very good to look at the longer time frames to put the current panic in a context. Average for the sp500 over the last 50 years is ~8% yoy. If you're still up 6% YTD, there's literally nothing to worry about. You might be at 0% today and 6% again tomorrow with how these things unravel.