⚯ Michel de Cryptadamus ⚯<p>1/ <a href="https://universeodon.com/tags/MAGA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MAGA</span></a> bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:</p><p>1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.</p><p>2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.</p><p>3. the 6th and 8th (tied) largest gains came during the covid panic in 2020</p><p>In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.</p><p>Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).</p><p><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>stockmarket</span></a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://universeodon.com/tags/trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trump</span></a> <a href="https://universeodon.com/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> <a href="https://universeodon.com/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://universeodon.com/tags/QQQ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>QQQ</span></a> <a href="https://universeodon.com/tags/Nasdaq" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nasdaq</span></a> <a href="https://universeodon.com/tags/GreatFinancialCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatFinancialCrisis</span></a> <a href="https://universeodon.com/tags/GFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GFC</span></a> <a href="https://universeodon.com/tags/buythedip" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>buythedip</span></a> <a href="https://universeodon.com/tags/BTFD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BTFD</span></a> <a href="https://universeodon.com/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://universeodon.com/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a></p>