Company profits are not just about movement in interest...

Company profits are not just about movement in interest rates.

With wage pressures increasing the potential increased costs, won't be reversed as interest rates reverse and the increased costs of non discretionary spending will not dissapate overnight putting pressure on top line growth for all companies reliant on discretionary spending so margins are being squeezed from both ends.

Bear markets are a necessary evil to rid the markets of speculative froth and zombie companies like Zip are elimated so venture capital is directed at more deserving companies.

Ridiculous excesses like Crypto and NFT and Lithium stock prices need to be destroyed.