Replies to post #326798 on SPDR S&P 500 (SPY)

[Agoura Guy]

The real sell off has not even started, what's coming next will make 2008 look like a blip.

[Kid-Gloves]

Has to happen eventually. People are overleveraged they got too greedy with the low rates . taking out equity to pay and down payment on another house . then doing same again.