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+/- 5-8% is now a common thing in the stock market. A few days of positive won’t break out the bear
Pro
Bear is already broken. Kind of money people making these days and throwing in indexes will take this thing off.
Pro
Unemployment is 3.6% and job hiring is red hot. The government is posting record monthly surpluses
Like, what dumbass saw the recent drop in market prices and thought it was a good time to take their money out?
Millennials
Pro
Temporary. The Fed still needs to keep raising rates.
It will get worse. Keep nibbling slowly. Not Even trying to time a bottom
Conversation Starter
The market will bounce back for sure, it’s already at low levels so even if a recession hits it won’t affect a lot.
Time to kill the baby bear to release the big bear? Aka painful rally continues until near capitulate and then a steep decline? No one knows, but market will ensure max pain.
As long as the fed continues to raise rates, the market will go lower. Eventually they will stop raising rates and it will go back up. Right now everyone thinks Powell took his foot off the gas.
We are NOT in a recession right now. If Powell continues to raise rates we WILL be in a recession next year and valuations will drop from 25x earnings to 15x. Yes, it's that simple.
Bought Puts today...let's see if it pays off ...
Went from all bullish to very bearish and bought outs. Let’s hope 👌