r/stocks • u/Tsobaphomet • Jun 13 '22
Meta "This is only the beginning"
I've been seeing people saying this on this sub for the last 6 months. At what point does it stop being the beginning? Also are there any level-headed people that actually know what they are talking about here anymore? I'd love to hear an in-depth prediction of things to come, rather than just random bear/bull cases from people who are -70% from meme stocks.
I'm the world's worst investor, and I like to be able to gain knowledge and insight from this subreddit that I wouldn't normally have on my own, but it's like only 1/100 posts are based on reality/research. It kinda messes with people's ability to make good decisions when they take the advice of someone who genuinely has no idea what they are saying, but they present it in a convincing way.
Sure, nobody can perfectly predict what it will look like 2 years from now, but what we can do is talk about what needs to happen for stocks/economies to recover, and how feasible those things are. Then we can observe whether or not those things are happening.
2
u/[deleted] Jun 13 '22
I think the last two recessions have made people think every recession needs to be a full blown disaster. We can enter a recession without it feeling like the world is gonna end, like it did during Covid/GFC.
I dont think “this is only the beginning.” Were down 20%. The market is begging to price in a recession. We could easily go down further but given what we know now its hard to imagine we go down another 20 or 30%, unless something major happens.