Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.  

Drawdown & Crash Math isn’t hard to understand. It is VERY difficult to recover your hard earned capital AFTER crashes and drawdowns, however:

  1. If you went laser-eyes on NOV 8th buying Bitcoin, you need to be up +70% from here to get back to breakeven
  2. If you bought NASDAQ on NOV 19th, 2021, you need to be up almost +20% from here to get back to breakeven

CHART OF THE DAY: Drawdown & Crash Math - hbv