So many people will tell you that the markets are forward looking. That everything but a true crisis will not affect the markets too badly since it is already “priced in.”
Since this latest drop in the market more or less started with the Fed’s last meeting announcement (excluding the little fake rally that afternoon), how would the “priced in” theory be applied here. The markets should have seen the Fed’s remarks coming and priced it all in months in advance.
If that is the case, what is the market pricing in now? Recession in a month or two? Global World War?
Or is this current dive all just cover for some profit taking by some big players?
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