MakingMoneyIsMe t1_iucstqi wrote on October 30, 2022 at 10:34 AM

Reply to comment by nvk1196 in Anybody shorting the market by nvk1196

I don't disagree, but there's more companies closer to their 52 week lows than their 52 week highs

daytradingguy t1_iuczjw1 wrote on October 30, 2022 at 11:58 AM

And the prices 52 weeks ago were overvalued, the values were pumped for years with low interest rates and excess liquidity. This is being taken away and is going to stay that way for a couple of years. Many stocks will see multi year lows, not 52 week lows.