I tend to agree, esp. about those fringe parts of speculating.
Here's the thing - the markets created this. We have been just lulled into relentless grinding higher. Nobody has the stomach for this downturn, and it feels very overdo.
Now, we are in this odd transition between knowing the hikes are coming, but before they start. The usual opportunity buyers are reluctant to factor in this latest news into stock prices and start building positions. It has this wait and see feel at the moment.
I think the remarks coming out of the Fed meeting could be a biggie, esp. if any unexpected bias emerges from it.
The big surges in small cap the last few days have been encouraging in that there is this belief that that sector leads early on in a recovery.
So, to your question, I say volatility is going to be high, and maybe alot of these big drops in the morning are shorts on a quick trade, as i said on the last post. And as for a big re-bound, maybe not going to happen, and we may see slower price appreciation without the Fed boosting the markets going forward. Though I bet that once omicron passes, the economy is going to show some bright outlook again, and that will offer some support.
Bad news like Ukraine invasion, new variant, inflation that won't pass, all could foil that.
Midterm election year, and one might hope that by that we are moving beyond lots of this.