This is a doozy. The carnage in tech is something to behold. NVDA down 13+%, TSLA down 10%. They’re like pm shares today. We’re used to it, the folks holding tech have seen those things go up daily for 13 straight years or more.
Bitcoin too. Down 13%.
Heck, we take beatings like that on a regular basis. This is a piece of cake for goldbugs. Imagine the panic amongst fund managers and overleveraged banks right now, some who may have never seen anything like this. Some dirty drawers this am. Same with the new breed of 20 and 30 something “crypto traders.”
I almost feel bad for them…well not really…. 🙂