The truth about the stock market right now.

I also know many ppl do not believe me. But I’m giving you my honest take about this market and it’s simple.
This is a valuation reset of the high beta stocks that ran to the moon. That’s it. The world is not melting. Aliens are not coming. WW3 is not happening. It’s just companies coming back down to earth.
When the sentiment flips, everything goes risk off. I have said so many times that everything moves together. Mr market is emotional and it’s a pendulum of fear and greed. He’s been greedy pushing up stock prices for a while now, but lately it's closer to fearful... & guess what! That is ok!
Yes, companies are reporting great earnings, yes the economy is doing ok, but it’s not enough to fight the higher valuations on many of these companies. Throw in uncertainty with Ai cap spending & oil, you get a recipe for volatility. But there will ALWAYS be something to worry about in the market. Always.
So what's the plan? The same as always.
Buy great companies at good prices and use options to magnify ultra high confidence plays. It’s that simple. Some compelling setups are starting to pop up. We are all here to make money in the stock market. You should like deals & you should see volatility as opportunity.
In a world where everyone wants everything right now, the edge is being patient & not flip flipping every day when someone shows some diamond bear pattern or whatever they are doing to convince you a shape means the market is about to crash.
This volatility is normal. Warren Buffett doesn't care. Why do you...
I sleep well at night and continue to have a ROI that beats the market int he last decade. That's what it's all about.
Stick to the plan. Know what you own and why you own it. Keep ratios in check. & be patient.