Was not actively trading back in 2020, so I'm not familiar. Looking for insight from those who have been there before, 2008 especially.
I've seen people on MSM say they're expecting at least two 50s, possibly a 75 point hike. A few fund managers said they're waiting for capitulation and that we'll see demand dry up and indiscriminate selling when it happens. Was the last 2 weeks very far off that?
Fintube/Reddit seems bearish as well, though admittedly I don't see mass posts where everyone is “giving up and sitting out”. Most seemed optimistic of a possible turn around after the FOMC meeting this week, until that Jpow thing on CNBC a couple weeks ago where he mentioned Volcker. Now, I'm seeing the word “Recession” getting mentioned more and more.
I get it, things aren't great and the real estate market could be next. So if it's not this, what does it tend to look like where you step back and say “oh I think we're in capitulation territory now”? I get that you can't always time the bottom, but I'd least like to be in the area.
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