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PSUBagMan2 t1_iyfamb3 wrote

Reply to comment by cman1098 in Message to bears + 2023 Year End targets from major banks by Player896

People here seem to straight up be praying for a depression. It's so weird.

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loophole64 t1_iyfci8x wrote

The word is recession. And yes, people want it, including the fed. That's how you fix the inflation problem. A recession is better than runaway inflation. Recessions are necessary. It's not immoral to want the economy to correct and reign in out of control inflation.

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cman1098 t1_iyfbhpt wrote

That's how you know bottom is in. Reminds me of the seperate variation post and how frothy everyone was in March/April 2020. Everyone was sure SPY was going to break below 200 and all the bears lost their ass.

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