Did a thread yesterday asking when the next bailout would be and everyone said THERE WILL BE NO BAILOUT THIS TIME. Here's the thing, every stock is overvalued due to past bailouts, the assumption was that you can't lose too much money on SPY without a bailout. Unlimited upside for SPY, limited downside makes people go all in on margin. But if theres no bailout this time, that means unlimited downside now, who would be dumb enough to buy/hold stock given that?
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