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Re: Joe99999 post# 40265

Friday, 05/20/2022 1:09:55 PM

Friday, May 20, 2022 1:09:55 PM

Post# of 51156
This correction was long overdue ...how far of a correction is the question...to many varibles:
* Ukraine war (disrupting world supplies)
* Rising interest rates: mortgages are now much more exspensive
* With increased fuel rates, increased cost of goods, etc....the consumer has less to
spend, less to invest
* Large companies pull in their purse strings as well...may real in construction
projects that are planned or delay the projects.
* Market was too rich but the correction may go lower then it should out of fear

Last time this happened to the market I had a good size project cancelled the night before we were to start (with 12-15 men ready to go).
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