Reduced inventory is not indicative of a market bottoming. Econ 101 tells us: ceteris paribus, supply is reduced as well as price when there is a negative shift in demand (which is what we’re seeing).
Oh, come on. Do you actually think that the OP and some others will fall for this. That line of logical economic thinking is a government conspiracy to take all our money away and give it to a select group of individuals. Your chart doesn’t show shadow supply which is on another dimension making the Supply curve a paraboloid. This two-dimensional thinking is what got us into this mess.
It’s much better to gaze into our crystal or in some people’s case search for the crystal ball for the answers.
