IMO the Wilshire and SP500 were about 50% overpriced due to the current bubble. A correction can be good. However the situation is fragile thanks to our federal government’s fiscal madness. For starts, having more people getting more from the government than paying is terrible.
The Fed cost the DOW a 1,000 points in last couple of months with too aggressive rate and future rate hikes. They are tapping down the economy to early. They are in charge of putting the skids on growth. The unelected few.
Correct on all points. 50% overvalued and 10% decline is still overvalued.