nvk1196 OP t1_iuccdr1 wrote on October 30, 2022 at 6:40 AM

Reply to comment by MakingMoneyIsMe in Anybody shorting the market by nvk1196

I don’t think it would be a crash like 08, but there is no way companies earning and housing can go up with this high of interest rate. The worst case is market would go side way for several years. I’m not saying it will crash, but I think we have a better odd betting on bear then bull

Some_Somewhere2434 t1_iucnt1c wrote on October 30, 2022 at 9:22 AM

O it will crash. Modern finance is like fucking Jenga. It’s always hindsight 20/20 after that last block gets pulled. Wouldn’t be a crash if we all see it coming right?

MakingMoneyIsMe t1_iucstqi wrote on October 30, 2022 at 10:34 AM

I don't disagree, but there's more companies closer to their 52 week lows than their 52 week highs

daytradingguy t1_iuczjw1 wrote on October 30, 2022 at 11:58 AM

And the prices 52 weeks ago were overvalued, the values were pumped for years with low interest rates and excess liquidity. This is being taken away and is going to stay that way for a couple of years. Many stocks will see multi year lows, not 52 week lows.