The market has been overvalued for decades. Even the biggest corrections only take it down to a reasonable valuation. There is never a rational buying opportunity... except that people have lived their entire working lives without seeing a reasonable price. (Maybe... 1987?)
It's very likely that Tuesday the market will see a buying opportunity and send it right back towards record territory. Which is insane.
I think there is a genuinely new factor at work: so much money flows into the market that it has bought up all of the possible future earnings.
That was all following reasonable advice, but that advice assumed that the market could absorb all of that money. If too much flowed in new capital opportunities would arise. But even before the AI bubble, that had ceased to hold.
It's very likely that Tuesday the market will see a buying opportunity and send it right back towards record territory. Which is insane.
I think there is a genuinely new factor at work: so much money flows into the market that it has bought up all of the possible future earnings.
That was all following reasonable advice, but that advice assumed that the market could absorb all of that money. If too much flowed in new capital opportunities would arise. But even before the AI bubble, that had ceased to hold.