Post #583 by mungofitch on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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It is looking for absolute capitulation
...
Ah, so it's looking for a day when the market AND BERKSHIRE is 5% down. :)

Probably!

It's looking to describe, numerically, that moment when the last hodler calls his/her broker to say "I don't care what it's worth, I don't care what the price is, I just can't take it any more--sell everything!"
Yesterday (April 3) there were just too many things that went up to be consistent with that feeling. Too many people were switching to defensive stocks rather than out of stock entirely.

Hmmmm...It should be mentioned that at the moment Berkshire is down 3.5% in pre-market as I type. The day is yet young. So is the year.

Jim

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