XJO - Bear Posts only (Factors which might cause the markets to fall), page-7874

This is probably the turning point. When people like Jrowl1 capitulates, posts about "opportunity cost" come in, posts about "just the beginning of a new bull market".

Any bear knows what drove the parabolic bull market of nasdaq since 2009: the fed. And the fed will not return to the ultra loose policy of post-covid era, inflation will be structurally higher due undersupply in labor, commodities. One needs to separate emotions for fundamentals. Howard Marks commented fed funds is likely to be 2-4% in the long term, how will this play out when refi time comes for the corporate debt bubble? Last I heard most companies locked in low rates for 2-3 years.