erickssm
erickssm t1_jeetpi2 wrote
Reply to comment by 2bits2many in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover
The OPs chart only shows the drawdowns in the data. That chart is designed for shock factor to scare people into thinking that there is something bad happening. The actual data from the FRED site shows the reality. It shows that all of the drawdowns are minuscule in the grand scheme of things. Bank deposits not only have continuously trended higher over time, the current draw down is a fraction of what was moved into deposits over the past couple years.
erickssm t1_jeeagik wrote
Here is a different view of the same data.
erickssm t1_je87u9h wrote
Reply to Help with options by tmack006
What are they doing? They are losing massive amounts of $$ 10 times in a row then posting the 1 win that gets them 25% of their money back.
erickssm t1_je80dcb wrote
Nice. I’ve been riding the nvda bull train since $140. I have yet to see anything that suggests the run is over. It can’t even get below its 13 day average for more than a few hours, lol. Eventually it will have a healthy pull back, but all the bears who keep calling a top on a daily basis are amazing. Zero signs of a top. Zero.
erickssm t1_jef07r5 wrote
Reply to comment by OrionJohnson in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover
It also shows we never had such a massive spike before as well. It is completely expected to have some reversion after such a massive inflow during 2020-21. That drawdown is precisely why we haven't seen a recession yet. People had a nice cushion to lean on when inflation started to squeeze consumers.