Quote:
Originally Posted by PaceAdvantage
The markets have TONS of room to go down....TONS...this is baby shit.
Do you realize the market is sitting at pretty much where it was the day Biden took office?
It hasn't even begun to go down yet...in the grand scheme of things.
Whether it will go down that much is another story. But it has PLENTY of room to do so...
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This is all interest rate driven, how long do you think interest rates will rise?
The fed has to be getting close to one of two things, either the economy starts to struggle or inflation starts to come down. If either of those things happen (or both) the interest rate hikes will slow and stop.
Beyond that it's a question of earnings, how low will they go and what multiple people are willing to pay. This is the longer term question and in reality the one that matters.
I would never call a 25% drop in the S&P 500 "Baby Shit", the 3,000 level equates to about 40% decline in the S&P. I'd like to think that's as bad as it gets, but none really knows.
