Someone said the market is due for a correction... so the 52 week low of 18,213.65 wasn’t a correction? The market has been due a major correction since 2010 or before. If I had listened to Mad$$ or another hack on TV (they’re on TV because it’s a sweet deal where they don’t have to perform... like a TV weatherman) I’d have missed out on a massive upswing in the market.
Our market has been “overvalued” many times before and we saw it plunge back in 2Q/3Q 2020. But the recovery has been amazing... the market is resilient and the Oracle of Omaha preaches investing in quality stocks for the long haul.
So when someone says we are “due” for a major correction, I just sigh and continue to stay invested.