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Hi this week has been really bad for the S & P....any thoughts if this is going to continue on a downward slope or this is just temporary jitters?
Good question.
Tech "bubble" is deflating a bit.
And let's not forget the spike in interest rates. People said that there's nothing to worry about with the high CAPE ratio because interest rates are so low. Well, now interest rates normalize a bit, and the S&P falls. As expected.
Up too much for too long, and need some pull backs for overall health. On plus side, pull backs raise VIX and allow more safety margin on PUT sales.
@navypack My thinking too. As long as the pullback is orderly, maybe 1-2% max per day, this is a goldmine for us put sellers! 😀
I am wondering if it will continue to drop and for how long or just hover around 3800?
@janey12 Wouldn't be surprised if we go below 3500 eventually. If bond rates go back to normal & earnings estimates are still below the pre-pandemic levels I don't see why the S&P should be much above 3500