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[quote=Anonymous][quote=Anonymous]It's interesting that when stocks are now on sale, people are considering investing in real estate. But when US stock valuations were at an all time high, people thought they were getting a great deal. I mean, they couldn't buy enough stocks and constantly talked about AI, NVIDIA, account balance, etc.

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This is always how it works -- when everyone is bragging about how well they're doing in an asset class and speculating about continued growth, that is a contrarian signal (though it's not perfect because, as we saw during the Biden years, the stock market can sustain its upward momentum for a while). But really, it didn't take any work of genius to see that when Biden left, the stock market was at a historically high valuation, and even with a stable president, it couldn't sustain the rally much longer. Throw in an unstable president, and all bets were off. I think people seem to be ignoring the same warning signs with the housing market, but maybe I'm wrong.[/quote]

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