We are far from capitulation. Valuations are still very high considering the general business climate.
Let me know when you can get good companies at 8 times trailing earnings paying a 6% dividend. That’s capitulation!
In my past experience, capitulation always seems to occur at the exact moment when I decide to sell. Not before, not after. Makes me want to cry sometimes.
We are retired and our IRA’s are in index funds (among a few other things. Plus we own hard assets, including our house and a couple of rentals. Up and down the markets go but we are in it for the long haul. We can’t worry about corrections. Life is too short to angst about the daily movement of markets.
I keep telling myself to get out of the market before October and get back in during November.
But I keep forgetting before the next year.
...just like Obola will never reach the US