I don't think it's going to be as bad as 2008.
The worse could happen by October.
I think there is a floor under the market this time after a 12 year Bull Market most retail investors who didn't time the market will not sell and instead will wait the drop out.
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So buy in the middle of October? That was my thinking initially, but who knows
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Soooo many people wayyyy over bearish. Saying this will be like this for years 😂
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Idk, I think we see the worst of it around November due to tax harvest. There will be a cycle rotation and then a yield chase as we realize the dollar is losing 10-15% a year.
I’m hopeful for a small rally in October.
Be that as it may, we are going below 200 MA on Nasdaq.
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Seems like a lot of the new retail bought into companies that have now been pushed below cash value. No reason to sell now.
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