Originally Posted by
Bullitt
The only thing preventing a full blown crash is TSLA, MSFT (both heavy insider selling), AAPL, NVDA. The beauty of market cap weighted indexes is one or two stocks can move an entire index regardless of what everything else does.
So many stocks are down 50-75% from their highs. Stocks that were supposed to be the new era, PTON, ZM, ZG, TDOC, BYND, ROKU, PLTR, SQ, SPOT..... The darlings that rocketed high have only managed to fall even faster out of flavor.
Tax loss selling has been a major drag on markets and seems to be accelerating.