Yea, I think that is correct. ....But we know that for a variety of reasons, when everything "corrects' EVERYTHING goes down temporarily. Global money flows and scared money sells everything, and sits for a time in only dollars.
Over the long term, after these panics, things that have value stay real, and stay valuable.
I am just reciting the recent historic pattern however; will it stay the same, as people see the utter fraud that the dollar is?.....UNKNOWN, these patterns work until they do not..........Copper is now showing the future, and silver cannot be far behind. ....one must come down, or the other go up, or maybe both? who knows in the short term.
so my first sentence in this post is probably an overstatement or may be wrong at this precise point in history,
We do not know anything that much even in the short term panics
BUT,
By any historic metric, we CAN CHART OUT AND USE PE'S AND know that stocks are wildlly overvalued now...there are reasons they say, i.e. low interest rates forever. We will see.
It is very hard to call a pullback. The money now is abundant in the system for sure.
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