The S&P 500 shed $2 trillion in value in barely 40 minutes, wiping out the entire post-midterm rally in one of the swiftest market collapses in history.
Elliott Investment Management:
"So many factors have lined up to cause this great boom that it might take disruption in only one or two of them to shift this momentum into reverse, leading to a cascading, self-reinforcing unwind of this bull market and an abrupt change from FOMO to FOGO (fear of getting obliterated)."
Elliott Investment Management:
"So many factors have lined up to cause this great boom that it might take disruption in only one or two of them to shift this momentum into reverse, leading to a cascading, self-reinforcing unwind of this bull market and an abrupt change from FOMO to FOGO (fear of getting obliterated)."