kibitzer wrote:
As many have observed lots of stocks (and the market in general) have been 'way overpriced for a while now. Days like this may let out some of the bloat without significantly affecting fundamentals.
A few ratchets downward, provided they level off afterward, may actually put DJT in a better position to avoid recession, and make his re-election easier.
Way overpriced? SP500 is at ~21 forward P/E which is pretty normal historically.
People said in 2018 that the market was due for a correction and so that's why it's tanking, nothing to fear, and then it rocket shipped it's way back to ATHs almost literally overnight despite no trade wars being settled. If the narrative for this drop is going to be "market is due for a correction" then exactly how many corrections is a stock market supposed to have over a 1 year period?
Anyways, ample liquidity is coming to the rescue as I type so no need to worry