Is more downside coming?

[fenders53]

(09-24-2022, 07:10 PM)bankerboy Wrote: The Fed is determined to reduce inflation. More increases coming, how much further down does the market go from here?

Seems to me another 10% or so will happen due to the Fed waiting too long to start raising rates. Thoughts?


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10% sounds reasonable, but it could be months away as the market is getting very oversold now.  It rarely just goes straight up or down for long.  The market usually starts recovering way before the economy, and the economy has barely suffered yet and rate hike effects lag for at least a quarter and maybe longer.  Double bottoms are common.  We may not have seen the first bottom yet. 40% corrections are extremely rare historically, so there's that. This isn't anything close to the GFC yet.