As one who has followed actions for 5 decades, in my honest opinion this FED is doing exactly the right thing. Stocks are tanking for one reason more than any other, which is they were grossly over-valued due to the stupid ZIRP policy of previous 2 FED chairs. (Zero Interest Rate Policy).
To come down to AVERAGE VALUATIONS of previous 100 years, stocks need to decline another 30%.
You mean, like when America actually made things, in America?
I think historical averages are not the right things to be paying attention to, actually.
Sorry, but I don’t.