![time-gd4cd648fe_1920.jpg](https://cdn.steemitimages.com/DQmR8A5oyuhbfH2KNZhs1WVdFkQcL5qPFeX5HNFgqMGUW5o/time-gd4cd648fe_1920.jpg)


Summer of Pain for the Markets
https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/a-summer-of-pain-the-nasdaq-composite-could-plunge-75-from-peak-s-p-500-skid-45-from-its-top-warns-guggenheims-scott-minerd-11652901040?usqp=mq331AQKKAFQArABIIACAw%3D%3D&amp_js_v=a9&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&csi=0&ampshare=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fa-summer-of-pain-the-nasdaq-composite-could-plunge-75-from-peak-s-p-500-skid-45-from-its-top-warns-guggenheims-scott-minerd-11652901040

Pixabay

The stock market fell 1,000 points today the Dow ended down an amazing 1,000 points this is likely the result of interest rate risk weaker earning season and continuing supply chain issues.

Target and Walmart declared earnings the past few days and the results were surprising both companies suffered from supply chain issues and inflationary pressure.  earning season has been rough and it looks like everything is catching up to the economy cryptocurrency was burned last week from the Luna the Terra Luna fair and this is really just putting more pressure on the markets.

Some experts are predicting up to a 75% fall in the NASDAQ and at least a 45% fall in the S&P 500.  Major indices shrugged off any gains as the result of the past post pandemic period.

one thing's for sure things are very unsteady right now looks like the market is shutting off a lot of the excess weight it had from the purchasing power that people had during the pandemic stimulus money.  you can't pay people to stay at home or give them stimulus money and produce less that will classically increase your inflation.

Inflation Rose 9% last month bringing in just a tragic rise and inflation this year.  the longer this goes on without a correction the more damage will be done carvana just finished laying off 2,500 employees after falling 75% and large Auto retailers are running into trouble as well with demand.  A correction is needed and it looks like this one is going to be real I'm holding on to my cash and waiting for the deals I'd be lying if I said I didn't dip in a little bit today but I'm going to be holding off after that buying the large indices at this time may not be the best idea they have longer to fall.

regarding cryptocurrency after the Terra Luna Fair the tether questions and bitcoins fall below $30,000 last week it's a real scary environment.  I honestly believe we're going to see a bouncing crypto but it may be a dead cat bounce my money's on the sidelines and it's not in stable coins.

What's your take what strategy are you employing at this time?

Posted on Hive and Steemit