SPDR S&P 500 (SPY)

[Nebuchadnezzar]

For those that buy at the top.
Once we hit that cyclical top, it can take years to get back.

2000 to 2007. 7 years from dot.com bust to next record high.

Then boom, 2007 to 2015

Whether we top out at 3386, 3400, 3600 or 4000, once it tops, it could take years to get back.

I have only bought two stocks at 52 week highs in 19 years

AMZN a few years ago and SBUX