Stocks More Oversold Than Covid Crash, But Goldman Traders See Even More Pain: Here's How They'll Trade It

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by Tyler Durden
Thursday, Sep 29, 2022 - 06:22 PM

To quote Jim Cramer, "they have no idea how bad it is out there" so here is some perspective of just how bad it is.

After yesterday's BOE rally fizzled with a bang, only two S&P 500 stocks were up this morning, which means a whopping 99.6% were down at a time when the S&P was plumbing new 2022 lows, down nearly 25% from the January all time highs. And as Bloomberg goes on to note, we are at the fifth day this month where more than 90% of the S&P 500 is declining. In March 2020, there were six such days.