Is anyone else tired of hearing this nonsense hypocrisy, often in the same damn post?
This is what everyone keeps saying: “the market is crashing because we're coming down from ridiculous ATHs with stocks trading at insane multiples…we're coming back down to reality!” And yet…”as most stocks are CRATERING, they are trading at huge discounts and we're morons if we don't BUY MORE right now”! Can someone explain why we should be buying overinflated stocks? Just because they are less expensive than they were 6 months ago?
And most everyone says “Just hold, it'll go back up”. Lots of people here predicting the future. I'll make a prediction then. The market is so weak and fragile right now that all that it would take is Putin to launch even a test mini-nuke in the pacific ocean and SPY would crater 15-20% in a day. Hardly anything is based on fundamentals anymore. We are living in the twilight zone. Can we all just admit that nobody knows what the fuck they are talking about?
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