Quote:
Originally Posted by saab2000
What do you suppose is going to happen? Other than the volatility, this kind of correction was pretty much expected. The outsized growth of the past decade wasn't likely to be sustainable. I am no economics or finance expert but many, many people were saying equities were wildly overvalued for the past several years.
|
Let's see what the market feels like when VIX spikes to 50. We still in mid 20s and it hasn't spiked above 30 yet.
We have been 'winning' and politics have been unbearable in my opinion. If we ever have a financial crisis when compromise and bipartisanship are needed, will they be able to work together or will it just be a blame game and scorched earth. I think this is the danger here.
And as I read somewhere today, with the Huawei arrest, US is the dog that caught the car.