RE: Just In Time Whiplash
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Yeah, I've been harping on about this for a while... and I think Cathie Wood of ARK has been saying it forever.
When prices are high, demand drops... the market is always searching for equilibrium and doesn't often need the US Fed to come in after the fact and double down on everything.
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It's not just that prices are high - it's that salaries haven't kept pace, there is more unemployment than they count based on their criteria, nobody is buying bonds, nobody is building homes, suicidal and desperate business owners and home-owners/buyers are taking out untenable adjustable-rate mortgages.....
All of these many-faceted factors are coming together and it's like that scene in the classic Tom Cruise movie "A Perfect Storm". All we can do now is pray. (They all died tho)
Tom Cruise didn't star in The Perfect Storm. George Clooney did. Otherwise fine comment. :)
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tom cruise = matt damon = mark whaleberg = tom hanks