And they need a convenient reason and scapegoat. They will blame Biden mandate overreach for crashing the market, blame him for it and 25th him out conveniently.
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Most of the major crashes in history are in September.
The USA fiscal year begins Oct 1 and ends Sept 30, so not sure if closing out the year in Sept has something to do with crashes occurring then, or if that's just a coincidence.
Everyone is assuming that the looming crash, and the GME short squeeze will run in tandem, but I don't see why they couldn't be two separate events, not at the same time.
Lastly, my call options (on FAZ) started moving up today (they move inverse of the market, hence calls instead of puts) so that's a sign that the market is preparing for a crash.