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That isn't true. People expect a correction when there has been a long run up in prices and when those prices are high relative to, for example, earnings. This
by gmarx 11y ago
That isn't true. People expect a correction when there has been a long run up in prices and when those prices are high relative to, for example, earnings. This has been the case for quite some time. On the other hand when the S&P hit the 600s in 2008 (or was it 2007?) I doubt anyone was anticipating a correction
- forgetsusername 11y ago>high relative to, for example, earnings. This has been the case for quite some time. Well, the Shiller CAPE has been "relatively high" (above the mean) since about 1998. So, I guess we agree that people have been calling for corrections the whole time. And it's useless.