Markets do not go down forever just as they do not go up forever - without corrections.
The wild card is the multitude of Robinhood & Sharesies like investors who are having their first real taste of a bear market - will they hold or will they fold?
The big boys have been very good at harassing their exuberance to steer stocks and markets in the direction which best suits them - so watch carefully.
I think for many they're starting to see the "buy the dip", followed by "buy the dip of the dippity dip" is still resulting in LINE GO DOWN. Diamond hand memes might be soothing during bull market corrections. In a bear market? I think retail capitulate (a good portion at least) near the bottom. The shake out will leave a big pile of risk-adverse former investors much as the late 80's did in NZ*.
*My father and his siblings stayed well clear after his sister got hammered in '87; Dad never went beyond a mutual fund after that.
Thought the Morgan man was optimistic when he predicted a fall to 4400 this year
Jeez it’s below 4000 already
Some say ‘fair value’ based on sensible valuations etc is about 2800
If the S&P 500 regressed to trend, it would be at the 1752 level. All that said other major markets are nowhere near as overvalued as the US has gotten.
Also there is no reason this needs to be a protracted or deep recession associated with a market reset.
Originally Posted by bull....
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