Does anyone remember the pre-pandemic highs when everyone was saying the market was in a bubble and that market could crash upwards of 30% without a pandemic. well we are still 21% above that level even though interest rates are only getting higher, inflation is more than triple what it was back then and not to mention we're still in a supply chain crunch.
With Interests rates and inflation only going higher and recession closing by the market could still crash another 20% and still be overvalued. BUT and this is a big but, it still makes sense to buy solid blue chip stocks even in this market.
MSFT, GOOG, AAPL, AMZN are all great stocks that can wither a recession and potentially even grow in it so DCA into blue chip stocks is always a good choice in a long term perspective and so it only makes sense to keep buying the dip because chances like these are far and few in between.
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