I very much disagree that it's coming. I think we need to completely reset our expectations of how the market works. There's been nearly an entire generation working in this "new" bull market, where things like EPS mean absolutely nothing and speculation no longer requires actual returns.

>I think we need to completely reset our expectations of how the market works.

Is this not just "It's different this time" thinking? I remember it being used all the time during the dotcom boom

> There's been nearly an entire generation working in this "new" bull market

You mean 0DTE babies?

[dead]