Also:
- Are you going to continue to hold your short, why?
- Are you adding more to your short position, why?
- Are you exploring other shorts, which & why?
I'm asking so many questions because you bears are the apparent winners here.
Now I realize that the FED is steamrolling inflation to 2% and they're hell bent on achieving that sooner than later, so companies won't be borrowing at these high costs anymore and growth will slow.
S&P 500 Earnings by Month was Dec 2021 @ 216.54 and now it's Mar 2023 @ 177.07 which we haven't seen since Jun 2021 when QQQ was $358 and now it's $362.52 today.
So stocks most likely will correct too, I see QQQ going lower to like $330 or even $300 in an over correction.
edit, added source to s&p 500 earnings by month above
update, we're down more today, yet I was downvoted for pointing out that bears are winning lol, perma bulls going to feel more pain
[link] [comments] https://www.reddit.com/r/stocks/comments/15t95ao/qqq_52w_high_down_nearly_7_whos_been_bear_mode/
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