10-12-2022, 08:21 AM
(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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If this follows the typical bear market, while some stocks have gotten to pretty low valuations, many of the larger cap and companies thought of as "safe" are still trading relatively high. The last bear phase is usually when these more defensive companies finally sell off.
I've started tracking RYU. I have no interest in buying it but when its declines begin to outpace the overall market's, I'll start thinking we're getting close to the end.
We haven't reached the capitulation "anything but stocks" phase but we may be nearing the end of the "anything but growth stocks" phase. Hard to say for sure though. Fortunately there are indicators.