Its mind blowing to me that we have not seen a market capitulation event yet.

Who looks at all of this and says, "yeah, everything looks fine, lets keep my money in stocks that have never made a penny". Apparently these people still exist

yeah, and Deutsche Bank is in similar shape. CS is just the canary in the coal mine.

A Bear Sterns moment.

Really?

The tech sector has been completely annihilated this year.

Shib and doge have a market cap over 10b.

I think i heard there are over 200 companies on the nasdaq with summed lifetime net earnings of 0.

Shiller pe at 26.5. Buffet indicator elevated. Vix is at cycle highs around 30.

None of that indicates capitulation

Not yet started. We are still way above 2008 levels. Also small cap tech stocks are not done until they are bankrupt