1. Anticipated higher taxes in the near future
2. Interest rate increases will adjust the market down.
3. Very reasonable to conclude a crash is around the corner. You can’t do what we have done during COVID and suddenly flip a switch. It doesn’t work that way. It’s an intricate web that unraveled. It will take time to make it again. There will be pain first. If it could work that way, we could all just take a shutdown break every decade or so to relax for a year.
4. we cannot get raw material to make anything
5. deliveries are holding up cash flow.
Interest rate increases will adjust the market down.
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Correct. The higher the discount rate, the lower the present value of future cash flows