You not Robinson Crusoe AJ, plenty of confusion out there. I read both bull and bear cases for balance, but a decent 10 to 15% pull back in markets would IMO be healthy at this stage, but then we would need to climb that wall of worry again, as there is still plenty of cash on the sidelines.
However, the only logic I can pull from what I'm reading, is the market is prepared to look forward further than normal (i.e.12 months instead of 3). I guess it's also important to consider that the stock and property markets are probably the only game in town over the coming 3+ years, as the after tax returns derived from investment grade bonds and cash won't keep pace with inflation, thus going backwards.
Don't overthink it, AIMO, DYOR
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