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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5429109" data-attributes="member: 79702"><p>They tried to raise rates and restrict securities purchases in 2018 and the market lost 20ish% over 4 months before they reversed course.  So, in 2021, when they again announced the rate hikes and QT program, that was the signal to the markets that capital was going to become more expensive and bottom lines were going to get squeezed.  To me, that was a clear signal that the drops of 2018 were going to happen again.  Most market "experts" were predicting it also.  Growth stocks were the most exposed because many of those companies were way over valued and relied on refinancing capital to sustain profitability.  The Fed said  multiple times that they can't be concerned with the market as they battle inflation and overexposure to the securities market.</p></blockquote><p></p>