S&P 500 is down 14% from its high at the end of last year, Dow is down 10%, NASDAQ is down 25%. Those are significant drops over a 6 month period.

On a historical valuation basis, the S&P is not cheap at all.

Of course, it depends on the course of earnings, where current estimates seem quite optimistic

“Dow is down 10%”

“Those are significant drops”

It’s going to be hilarious when you kids see a REAL recession.

those are well in the range of 'market correction' and not 'market crash', though. hell, those aren't even recession numbers.

had this discussion with my friend just last night when he tried blaming our current market on our current administration.

our ecomony was _heavily_ propped up by the fed during the pandemic. the market needed to correct itself eventually once the propping stopped.