Seems to me there are many reasons to expect something of a downmove in the market now, e.g. high PEs, rather extreme public bullishness, weak insider buying. But it may be only an intermediate downmove of 10% or less after which the bull will resume. A 10% drop (or less) is merely going to make the P/E go from extremely insanely high to very insanely high, wrt to what P/Es are supposed to look like at the beginning of new bull markets. Just MHO.
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