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The last bear is me

u/PrestigiousElk5990 · Reddit — r/wallstreetbets · April 16, 2026 at 08:10 · ⬆ 86 pts · 💬 52 comments  | View on Reddit ↗
AI Summary

Summary

  • The author is a stubborn market bear who has suffered significant losses as the market recovered from a recent crash.
  • Despite the S&P 500 (SPY) breaking 700 and retail sentiment turning overwhelmingly bullish, the author continues to anticipate a crash based on a contrarian interpretation of a Warren Buffett quote.
  • Quality assessment: Noise. This is a dramatic, emotional narrative (typical WSB "loss porn" or stubborn bear posting) lacking any fundamental, technical, or macroeconomic data.
Score 86
Comments 52
Upvote % 92%
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Ideas
u/PrestigiousElk5990 Reddit r/wallstreetbets
Retail sentiment has become overwhelmingly greedy and bullish, with the SPY breaking the 700 level. According to the contrarian investing principle to "sell when others are greedy," this extreme retail exuberance signals an impending market top. The author maintains a strict short bias, expecting a sudden and severe market crash at any moment. The market continues its strong upward momentum, fueled by the very bullishness the author is betting against, resulting in total portfolio destruction.
More from Reddit — r/wallstreetbets

This Reddit post, published April 16, 2026, features u/PrestigiousElk5990 discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/PrestigiousElk5990  · Tickers: SPY