It is all about rotation imo. Stocks like VZ, UPS, PM, O, BATS and so on got ridiculously cheap around the AI craze. Now we will see a move the other way around when people start selling off tech stocks to move to boring stocks.
Then you move in to tech stocks and so on, it’s literally running against the herd kind of thing.
Imagine that supreme morons allowed crypto on 401(k)
You just cannot make a better tool to thin the herd since now the natural selection is hardened by putting labels on everything like “do not drink the antifreeze”
The market is a herd of coke-heads and crayon eaters. It the line they all look at goes down they will panic sell everything.
Warren Buffett will buy every real business they sell off cheap without thinking.
Again.