Stocks could fall a lot further

But could stocks still have a lot more room to fall?

Some would argue that the brief, Covid-induced bear market in the spring of 2020 didn’t do much to change investor sentiment.

If anything, generous pandemic stimulus may have made the speculative mania even worse. It seems that many people used some of their government cash to trade meme stocks, cryptocurrencies and other risky investments. But shares of companies like GameStop (GME) and AMC (AMC) as well as bitcoin and other cryptos have…

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