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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5271907" data-attributes="member: 79702"><p>I don't give the DOW much weight seeing as though it's only reflective of 30 stocks.  I find it better to evaluate the market based on sectors and revenue.  Companies with strong revenue can generally find cost savings to maintain profitability.  When you look at the hardest hit companies so far in 2022,  it was the ones with sky high P/E ratios and hadn't yet been profitable.  Companies with IPOs in the last 5-7 years have been getting slaughtered because they have not yet reached sustained profitability and positive cash flow.  Raising the interest rates has forced these companies which were relying heavily on cheap capital and the ability to refinance that debt to recalculate their debt structures.  Circle of life.  The strong survive.</p></blockquote><p></p>