Thanks for the assist! One is basically dismissing years of market history and seasonal and cyclical tendencies by not considering the potential of a rally the remainder of the year.
https://www.cnbc.com/2022/10/14/now-is-a-sweet-spot-for-stocks-says-market-historian.html
Seriously, dude. You are the one trolling. As I indicated, you don't want to admit there might be seasonal and cyclical trends that go against your bias.
So if the world is falling apart RIGHT NOW, why are regional banks not making new lows? Just sayin.' We're in a seasonal / cyclical low sweet spot now and no one can get out of their bearish mindset. The line in the sand was drawn yesterday.
We'll see -- but you are citing past information when the market is a discounting mechanism and already looking out into the future. Not to mention, we're in a seasonal / cyclical sweet spot for a rally. Lots of stuff supporting that the low is in for at least several weeks now.
Not all the time, BUT, with the sentiment and seasonality as potential tailwinds, I have been for the past month or so -- got bullish a little too early trying to anticipate rather than let the market tell me what it's doing.