RE: Another day up12 May 2022 15:13
" I can remember when they were 14% it does make you laugh."
Yes but to be fair the stock market was priced accordingly back then. At the moment, or at least until recently, the market has been priced for 0% rates and growth stocks in particular have benefitted massively from the expectation of cheap money. Given how much growth stocks dominate the US market and how much the US market dominates the global market, it's no suprise that an unwinding of positions in growth stocks is having a major impact that has spread across all equities, helped of course by a slow down in china and the war in ukraine.
We could have a few more months of pain but at some point the war will end, china will get back on its feet, inflation and rate hikes will soften, all of this will be a distant memory and we'll be wishing we loaded up the truck while things were so cheap.