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token-eater t1_iuc4sdw wrote

This market is showing heavy signs of denial. A lot of people think that everything is priced in, and we’re due for a pivot soon. Inflation is still high, people are still buying monkey jpegs/meme coins, unemployment numbers are low and the stock market has done nothing but mock Jpow.

We have the perfect ingredients to keep going down, but somehow people still manage to find hope that their $50 in Meta will get them rich. Straight up denial.

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nvk1196 OP t1_iucc4ej wrote

Fed’s been raising rate by 75 points several times now and inflation is barely budged. Their target is around 4% in 2023, but I think they would need to raise rate to at least 7%. I think it will take the market by surprise that it when the market will really drop.

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HoiPolloiAhloi t1_iucx6oo wrote

It cant be doom and gloom all the time, capital $ will always flow to a place of volatility and potential returns.

Where else will $ go? China stocks?

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