Precious Metals News Blog
Analysts say they fear policymakers have fallen too far behind to curb price increases without the sort of sharp rate hikes that might cause a recession!
"The guy who sells at the top sells to the next two guys, who realize it's not going to hold, who sell to the next guys and if any of those are leveraged, we're in trouble!"
"In the last 19 bear markets, the average peak-to-trough decline has been 37%, with an average duration of 289 days!" The S&P would need to fall about 27.3% from its value at the start of the year!
"If you think you're already close to the edge of a recession, you might be more worried about the things that could push you over the edge!"
Investment banks, former Fed officials, billionaire investors, and even your neighbor are all predicting economic doom ahead!
Chicken was up 3.4% and eggs surged 10.3% amid a bird flu scare, while Bacon rose 2.5% and breakfast cereal was up 2.4% Ham prices fell 1.8%.
Forbes: The Worst of The Stock Market Crash May Be Yet to Come, According to Wall Street's 'Fear Gauge' Signal
"We encourage investors to be prepared for a sideways trade for quite some time. Just because a market bottoms, doesn't mean it's headed right back to record highs!"
More workers are unretiring
The "everything rally" has been punctured as interest rates rise and the economy slows down, triggering the worst sell-off since 2020. "I think it's too early to say this is the end. I would not call the bottom yet!"
Market Watch: This Wall Street Legend Has Lived Through Every Bear Market Since the 1950s, Says the One Coming Could Hit the S&P 500 With a 30% Loss
"We are in a bear market. By the time this is over, it's likely that they all go into a larger decline. Bear markets have three stages - sharp down, reflexive rebound and a drawn-out fundamental downtrend!"