[karmakurtisaani]

Of course many of the future fears are already priced in, which is always the difficulty in predicting the markets. If you have confidence that it will get worse soon, feel free to bet against the market for a quick buck.

[baq]

you can look at historic fed funds rate futures for a short overview of what 'priced in' looks like. long story short, markets are mispriced all the time.

[karmakurtisaani]

You are absolutely correct. Problem is, no one knows to which direction!

[whimsicalism]

"Priced in" is typically too complicated of a concept for the average HN commentator to keep in their head.