While of course some stocks are still way overvalued as will drop more, many I don't think will be falling very much further.
Why?
Well the COVID crash made many people get HUGE gains in small amount of time.
I myself turned 40k invested in March 2019 into 210k today just entering the stock market for the first time.
Every company was so oversold you basically could pick any stock and make a huge return.
I don't believe they are going to give us that opportunity again personally.
Look at companies like SMG, or even CCL.
Do we really think these are going to drop to Covid crash lows ($78 for SMG, or $8 for CCL) and allow fantastic entry point that are basically guaranteed to make money again?
I hope so, but I doubt it.
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