#Reverend Bearhunter:
The crash cometh like a thief in the night —
Like a margin call smiting the unwary —
Like a seagull descending from the heavens to steal a man’s churro!!
Repent, O ye diamond-handed fools!
Forsake the sin of FOMO!
Cast out the demon known as ‘Hopium’!
For only THEN shall salvation return to your brokerage accounts!
Only THEN shall your portfolios rise like bread in the oven of righteousness!
Only THEN shall the Almighty market-maker smile upon thee
Amen LMAO🤌🏾🙏🏾🤲🏾
> Hardship withdrawals have more than doubled in recent years, jumping from 2% in 2018 to 5% in 2024, as workers turn to their 401(k)s for immediate financial needs, Fidelity Investments said. The 5% level was the highest since 2018, when Fidelity started tracking the data.
> Retirement-plan loans also have been on the rise since 2021, Fidelity noted. The share of workers with outstanding loans on their Fidelity 401(k) accounts increased in the second quarter to 19%, up from 18.3% a year earlier, the investment firm said.
[Source](https://www.morningstar.com/news/marketwatch/20251116103/401k-hardship-withdrawals-more-than-double-as-people-raid-their-retirement-savings-for-emergencies)
the us economy since the 80s has been one giant bull-trap lmao.
there are scales to this shit, y'all are not understanding.
aggressive financialization and off-shoring seppuku'd the primary and secondary industries during the 80's, 90's.
Reagan-era and Clinton-era privatization and austerity laid the groundworks for the real economy to wither away in 2008.
Tertiary industries who rely on text editors, excel etc. for work got seppuku'd by white collar offshoring, chinas rapid rise and their of development of their borderline human-like AI (see XPENG IRON, Kimi K2 etc. etc.) and rapid deployment of AI to address actual industrial demand.
We have been running on fumes for a long time.
Uh... no. We are in a bear market. Every sign of strength is sold into. The AH rise? Retail. The morning pump? Get retail to buy in. The dump? That volume was institutional selling.