"Valuations are elevated" does NOT automatically mean "head for the hills."


People hear it & instantly panic sell everything
Yes, I think the market's a little hot right now
No, I'm not calling for a major crash
A hot market can stay hot for a long time. It can also reset.
I don't try to predict the unpredictable
I just keep my ratios in check, never over leveraged, & stay positioned to win either way
That's the difference between investing vs doing what most retail investors do...
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