- The weakness in the stock market so far this year has many pundits and investors alike wondering if we might be closer to the end of the drawdown than the beginning.
- If we are now in the early stages of another prolonged period of inflation, then it only stands to reason that stocks could once again fall not only back to their long-term trend but well below it.
- Considering the fact that a simple reversion to trend, if it happened tomorrow, would require the S&P 500 Index to fall back below 2,000, the prospect of an even greater decline is a frightening one, indeed.
For further details see:
Inflation And The $64(0),000 Question