2min chapter

The Compound and Friends cover image

Responsibility Theater

The Compound and Friends

CHAPTER

How Fast Has the Stock Market Moved?

This is the quickest it's ever gone from a 52 week high to a 52 low, with the exception of two very notable periods in time. But consider that obviously, october 19 87 and the pandemic were both like exogenous events,. They were not market related, not economically sensitive, like wets. So now we're in one, and there's no v shape recovery. And the reason why is the v shape was always predicated on either the fed rescuing us or the fed about to rescue us. The way they rescue is by throwing us into recession.

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