As the ship sinks the panic levels are increasing. Although I am uncomfortable being overweight short or long at this point I would expect a major panic low to set-in soon assuming the government doesn’t step in to rescue the market from itself. FYI – the market wants to go lower and needs no rescuing or government meddling. We need a panic low to create a base for any sort of sustained upside move. Until then it’s likely that the buyers will wait for lower prices.
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.