How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed.
Ive always said the market will bottom when the big names finally give way, I'm talking about apple Tesla Nvidia has already started. eventually the market masters want to buy at prices they always want to buy at, cheap. when Tesla finally comes from 100 PE ratio to 40, apple back to 20 nvidias down to 25 that's when the market bottoms. its always the big stocks that hold the market up last and right now we are in that phase.
keep your eye on Apple its currently around 158/160. this could easily collapse to 130 again if not lower Tesla down to 180/200. this will be the time to load up for the next 5 -10 years. patience is key here don't fight the fed, trend is your friend and no real reversal is in play imo until demand destruction has happened, recession is here, unemployment comes up to 7/8%, interest rates continue to raise higher causing new mortgages to come to a stand still as people won't be able to afford to buy, housing starts coming down again all of this is definitely possible in my opinion. don't forget loads of other macro events too.
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