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by TwoNineFive
1484 days ago
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I'm not quite old enough to remember Black Monday, but I remember all the rest. I have the exact same feeling. The 20% correction is already done. When I saw that CryptoLand video last year I immediately through of the E-Trade monkey superbowl commercial. However, there is still risk that could make this current situation last longer and be more painful than I think we anticipate. If corporations start laying off workers and/or if the general public gets spooked enough to stop spending, that could actually induce a deeper recession than I think you and I are currently expecting. No doubt there is some short-term negative news coming out this summer. The question is what the sentiment will be like come early fall. I think that's when we will know how bad this is going to be. It might be over by then. Hopefully. |
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