They’re coming off a nine month long bull run. P/e values remain obsene, especially across the MAG7. And the money just keeps flowing, with banks seemingly unable to see credit risk on some of the shakiest assets since the DotCom bubble.
Whatever needs to happen to end this streak hasn’t happened yet.
I think it’s a little too soon to say if it’s a market crash or just a correction. The markets have been getting hammered the past few weeks, though.
They’re coming off a nine month long bull run. P/e values remain obsene, especially across the MAG7. And the money just keeps flowing, with banks seemingly unable to see credit risk on some of the shakiest assets since the DotCom bubble.
Whatever needs to happen to end this streak hasn’t happened yet.