A lot of the people on this sub are young post pandemic traders. Market operates on a business cycle based on credit leverage. We are going through a deleverage soon, instigated by rising rates and inflation, hence all the layoffs you see. The effects will hit Main Street in a couple months and equities will sell off between 20-30%, from current levels. Then they will bounce back higher then before. If you’re an investor, it’s obvious. But for traders, they see things day to day. Market should finish the year strong, but problems are obvious around the corner.
rolotomo1 t1_iyesjcf wrote
Reply to Message to bears + 2023 Year End targets from major banks by Player896
A lot of the people on this sub are young post pandemic traders. Market operates on a business cycle based on credit leverage. We are going through a deleverage soon, instigated by rising rates and inflation, hence all the layoffs you see. The effects will hit Main Street in a couple months and equities will sell off between 20-30%, from current levels. Then they will bounce back higher then before. If you’re an investor, it’s obvious. But for traders, they see things day to day. Market should finish the year strong, but problems are obvious around the corner.