r/WallStreetbetsELITE • u/ttaiter111 • 20h ago

Discussion How low will it go?

Where do we think the bottom is?

0 Upvotes

33% Upvoted

7 comments sorted by

3

u/Short_Taste6476 20h ago

Way lower, this just the start based off reaction. Food prices are insane and wages still not catching up. People will cut off nonessential stuff to live

2

u/ttaiter111 19h ago

Gotta trade small for now but don’t even know where to go right now

1

u/bernasconi1976 20h ago

When someone points and clicks at the pumpkin

1

u/SwitchedOnNow 19h ago

Over what time period? We're gonna have some mind bending rips and tears for a while. But this could go on for a while. Trade small.

1

u/ttaiter111 19h ago

In the next 6 months.

Do the major indices go down to pre-COVID levels?

1

u/SwitchedOnNow 9h ago

Who knows?

1

u/Reggio_Calabria 13h ago

We are still up on SPY from April last year.

You guys have seen nothing yet. This is no bleeding, this is just a bruise.

Learn to deleverage and no bet your net worth on the stock going a minimum 10% YoY.