Another Lower High?

By Tim Knight of Slope Of Hope

Managing Partner at Tim Knight Organization • Apr 20, 2024 at 3:45 PM EDT

It may seem odd, but it’s only just occurring to me just how badly the market got wiped out recently. Particularly, on Friday, it dawned on me that trillions of dollars of market cap have been destroyed in just days.

Money, Burn, Dollar, Waste, Finance, Fire, Investments

Image Source: Pixabay

It may seem odd, but it’s only just occurring to me just how badly the market got wiped out recently. Particularly, on Friday, I had been taking it stride, but the abundance of “I turned $500 into $17,000” posts in r/WallStreetBets made it dawn on me that trillions of dollars of market cap have been destroyed in just a matter of days.

I wonder, however, if this is just the umpteenth “lower high” in the VIX, and that we’ll be subject to yet another multi-month “recovery” which is oh-so-boring compared to the blast we’ve been enjoying lately.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.

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