I have heard personally and have read reports indicating that there has been a LOT of tax loss selling. SDo much so that it had become quite irrational. The report I read indicated that quite often, in these situations, the really good stocks bounce back to some degree after 30 June and into the following months. Mind you, for today 14/6/22, I expect there is much panic selling by retail holders who are fightened. I think the market has some way to go until it settles and therefore am not buying anything at this point. Only collecting any dividends and selling covered calls for income. I had just started investing before 1987 crash. That was brought on by companies being over leveraged and rising interest rates and fear of (which came to be true) recession. This looks mightily similar except that now we mainly have consumers over leveraged and central banks reducing liquidity. Does that lead to recession? Who knows? What I DO recall from 1987 is that within 1 or 2 years from the crash the GOOD companies had largely recovered. I am going to SIT and watch
SES Price at posting:
11.8¢ Sentiment: Hold Disclosure: Held
