Unless it’s factored in that every facet of civilization has gone insane and is on the verge of collapse.
“There are few things scarier than a bear market,”
What a charmed life one must lead if a 20% dip in the stock market is among the scariest things you can imagine.
A bear market is fine if debt is only 25% of GDP instead of over 100%. A bear market is fine if the supply chain is intact and there is a reliable energy supply. A bear market is fine if inflation is under 2% instead of over 10%. (Need I go on?)
If it couldnae go down lads, it couldnae go up either.
Tell that to the old Roman empire.
We are not at the bottom of this one yet. When the bottom finally comes it will be flat and not a V as so many have become accustomed to. We have at least three years of bottom and nearly that many to climb out back to where we were.
The fundamentals have changed. Trade has been disrupted and the sabre rattlers are out. The climate change weenies are making disruptive and terribly costly decisions and mistakes. None of them are financially sound.