"History doesn't repeat itself, but it often rhymes." ~ Mark Twain
About 100 years ago the U.S. market was on a tear upward. Everybody was making money. The DOW had a six fold increase from 1921 to 1929 It kept going up until it didn't, when it fell about 90%. Then came the Great Depression.
Since the bottom in 2020, the S&P 500 has had a 3.7 fold increase. Although there have been major dips and even a bear market, stocks continue to go up in the longer term. This has begged the question of if/when the other shoe will/may drop. Stocks are expensive versus historical means, the U.S. is at war, the U.S. keeps growing, AI is displacing workers, etc,, etc., etc.
Is this time different? Or will a major correction/bear market occur soon. I wish I knew.😎
Inevitably, the market will decline/correct in the future. The question is how far and for how long. Time will only tell.
In the meantime, I will continue to be cautious and keeping cash available in case of a future sudden a precipitous drop.
This is not financial, stock picking nor investment advice. Please consult a professional advisor.
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