01-30-2022, 05:29 AM
It's a little correction so far, at least that is my view.
SP500 was this low last time in early October.
Dow was this low last time in the beginning of December.
Nasdaq was this low last time in May.
Nasdaq, as we all know, is very heavily into tech and other things with wonky valuations. Sure, anything extremely hype has been crushed. The other indexes have basically given up the gains of the past few months.
If someone is significantly down already, then it was simply due to being in excessively risky assets. The tech/hype bubble (yes, I just called it a bubble) is letting some air out. We all knew this day would come, we just didn't know if they would go up another 200% before they started falling. Everybody who didn't go all in on PE 600 companies is still fine.
SP500 was this low last time in early October.
Dow was this low last time in the beginning of December.
Nasdaq was this low last time in May.
Nasdaq, as we all know, is very heavily into tech and other things with wonky valuations. Sure, anything extremely hype has been crushed. The other indexes have basically given up the gains of the past few months.
If someone is significantly down already, then it was simply due to being in excessively risky assets. The tech/hype bubble (yes, I just called it a bubble) is letting some air out. We all knew this day would come, we just didn't know if they would go up another 200% before they started falling. Everybody who didn't go all in on PE 600 companies is still fine.