Stocks will generally correct to realistic levels.
Banks are refusing to pay realistic interest rates.
Buying stocks at realistic prices is typically what I have tried to do in the historically. Unfortunately, my nest egg is now too small to risk in the stock market.
> Stocks will generally correct to realistic levels. <
Fear and greed will cause wild swings. But yes, I think your comment is the bottom line. Out of curiosity I just looked it up. By one measure the S&P 500’s current p/e is around 21. The historical average is around 15.
By those numbers we are far above realistic levels. On the other hand, bank CDs and bonds are paying very little. So perhaps many folks will stick with stocks simply because there’s no other place to go.