And then come back up. And go back down. And back up...
I think the real question is, WRT to the market is, at what point will it finally be "down"?
Will it ever? If it is, does that mean something "bad"? I think it might.
Look at a chart of the last 120 years.
It has NEVER been down for any length of time. You can’t even find the 1929 or 1987 crashes on a chart.
Here’s the interesting thing: I think economists have badly mis-estimated productivity & real values, undervaluing them for over 100 years. (New research bears this out). The computer revolution has been totally missed or dismissed by economists in terms of productivity.