While Dogecoin Has $7 Billion Market Cap, Bear Market Is Far from Over, Says Prominent Fund Manager

📆 9/22/2022 9:11 AM
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ICYMI: according to Michael Gayed, as long as Dogecoin has a market capitalization of $7 billion, the collapse of financial markets is far from over DOGE $DOGE DOGEArmy

That said, the situation for U.S. housing is extremely ambiguous, with the affordability of existing homes falling at the same time as sales of existing homes have historically fallen.Thus, in Gayed's view, the markets are far from over, and there is no immediate solution.

The expert's opinion refers to the well-known principle that if people as far away from investments as possible are interested in them, smart investors should leave the market.This is indirectly confirmed by yesterday's Fed rate meeting. Despite the expected decision to raise the indicator by 0.75%,reacted with a sharp drop.

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