To be fair, so did everyone else.

A little explanation: that's bond returns, days from peak. IG = Investment Grade, HY = High Yield, As = Grade A debt and so on. In 2020, bonds took a hit proportional to their risk with investment grade losing less than BBB garbage but in 2022? We all eat shit together yo. You've been better off putting your money in Gamestop than you have been giving it to Cathie Wood and eight months ago, "giving money to Cathie Wood" was the only sensible thing to do.

What's been interesting to me is watching the multiplier between "crypto" and "anything else" go from 10x to 5x to 2x to parity to fractional. People love to point out that Bitcoin and Nasdaq are correlated but nobody's paying any attention to the fact that two years ago BTC would drop 5x what the stock market did while now? The graphs are indistinguishable. Meanwhile ETH used to be 5X BTC, then was 2X BTC, then was at parity. Lately ETH is trading better than BTC. Shit, ETH lost less money yesterday than Nasdaq did.

And nobody's paying any attention. I keep seeing stuff talking about "ETH outflows" but nobody's noticed that the ETH2 validator queue has gone from 24 hours to 36 hours to 96 hours to a week to two weeks to twenty days. There's half a million ETH waiting to be locked away forever right now but holy fuck 4,000 ETH left investment funds last month so obviously party's over...

Dunno. The willful blindness associated with money management grinds my gears when I'm not two weeks deep in allergy hell.