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igotthemojo

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igotthemojo

Re: duderaja post# 49680

Friday, 09/23/2022 2:11:49 PM

Friday, September 23, 2022 2:11:49 PM

Post# of 61956
" I'm thinking that once the Nasdaq hits 10,500 there is a good chance we start back up."

sure...a bounce is likely...but that wont be the low...not by a long shot...

" A lot depends on what the Fed does."

the fed has already said what its going to do...and they said it will be painful...thats why the market is dropping...there isnt any reason to wonder what the fed will do...the fed will continue to raise rates to around 4.50...hopefully they can stop there...but that remains to be seen...and once they get there, the rates will stay there for some time...they arent going to be cutting rates any time soon...the economy is a nail and the Fed is going to use a sledge hammer...

this is what the Fed is going to do...theres no mystery...
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