Why do people think this isn't a crash situation? It follows the same pattern as a crash.

Hypothetically, we should be going up over the next few weeks/months, which is what happened in 2008.

If you throw SPY Sept 2007 to Sept 2009 bottom, on top of SPY Sept 2024 to Sept 2026, you get this:

[https://imgur.com/a/GKshxa8](https://imgur.com/a/GKshxa8)

You can see that even one of the worst crashes in history, didn't happen all at once. It was triggered by the first rate cut in September 2007.

Market makers will collect their premiums first on those gambling, before shifting their positions.