A 'recession' is a term that literally means negative growth for 2 quarters, which we went into back in september 2020. Negative growth can be -0.1% or -100%!!! Most of the time its not a massive recession. If the housing market gets caught up in this shit storm, than the whole world might be f*ed again.... Interest rates are still at an all time low. Jesus, I find it hard to believe fund managers and businesses a) didn't see rates coming (they've been talking about it since last year) and b) interest rates are still very very very very very low. When we hit above 2.5/3/5% then you might go hmmm, large loans might have an issue, but give me a break. So because we are going to 0.60% interest rates tomorrow SWM and other media companies are worth 8 billion less?
This screams to me manipulation, the same shit GS did to the lithium market with that hit piece last week. SWM is now more oversold on every goddamn indicator we are back at March 2020 lows. We need to find a bottom on a techincal standpoint, it makes no sense. These crooks will change their tune in less than a quarter and start buying again.
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