This crash beneath the surface showed something had broken, that the magic had died, that hype and hoopla were suddenly unable to carry the day.
Average price jumps by $5,000 from year ago, to $45,495.
Wait for the original mug (no confirmation it will ever be produced again), or grab the mug I can get.
Someone might think, OK, I could speculate with the J-Pow Pattern at the next Fed meeting.
Wait… gasoline exports are rising.
This is fast moving now, but the Fed is still pouring fuel on the fire.
Spent $20 billion more at gas stations, from a year ago, due to spiking prices; came out of hide of other retailers. Inflation eats everyone’s lunch.
In short, the party ran out of bamboozle.
Margin debt issued warnings starting in early 2021 that the Big S would hit the fan. Folks blew it off.
Something has to give. And it’s going to be price.