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re: Dow futures down 500pts

Posted on 5/9/22 at 7:09 am to
Posted by SlidellCajun
Slidell la
Member since May 2019
10592 posts
Posted on 5/9/22 at 7:09 am to
Not buying just yet

Seeing days like this coming off of what we had last week just tells me that we’re in for more downside and volatility along the way.

The market is hinged to 2 big components: earnings and interest rates. A lot of questions still exist for these 2 areas.
Interest rates are a big concern as boomers realize that they can get safer returns while cutting back on spending. That can have a multiplier effect on earnings and the market as they drawdown on equities.

It’s looking more and more to me like we’re heading for a recession too. The question I have is how bad of a recession?
This post was edited on 5/9/22 at 7:34 am
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