Like I understand everything that’s going on, but people are behaving like everything is going to zero. Companies with a 20 P/E ratio and huge growth getting sold off 90% plus.
Just indiscriminate selling like you haven’t seen since 2009 when we had the greatest financial crisis in modern history.
This? Inflation’s 8%, the Fed funds rate is going to 2% from 0.25%, and there are some temporary supply issues. We aren’t even pricing in a recession at this point, we’re pricing in a catastrophe.
I genuinely don’t understand why everyone is so unbelievably bearish.
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