When we look at charts like SHOP,
TSLA, etc...
The longer term, 5 year charts, it resembles the internet bubble again -
within 6 months of the bubble popping, IMHO.
Many of the small cap companies making up the Russell 2000 have such shaky, high hopes of "perceived future value" here, and they have been monstrously overvalued for a couple of years.
The manipulation by the Fed has only prolonged the coming downside.
And when we see how the repo money is demanded, how stocks are gapped up and pinned on hopes, such low volume, etc... It is signs of very bad things.