SP500 has been in longest bullrun in history, 2009 to 2021. Honestly and completely realistically speaking even if we go down 40% from ATH(lets say 20-25% more down from 3980), to about 3000 it would be completely justified.
Im just gonna DCA but i have 50% in cash, im really curious what will happen in 2023.Also, if we're gonna be completely honest, we really have to have deflation which would lead to recession. This prices we have today are completely unsustainable..
PE ratio is still high, we definitely have more room to fall. I'm curious how will earnings be for Q1/Q2 2023,people have much less money to spend for new cars/homes with almost double interest rates, new phones etc..
So many people, including myself, are cutting spending in 23' even going to eat in restaurant are now cut to once in month instead of once a week..
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