>>22487691The S&P500 is already overvalued according to all of the traditional metrics and the earnings recession from the tariffs hasn't even started yet. PEs usually go *UP* during a downturn because earnings collapse, and stocks won't stop dumping until they reach a sustainable 15 PE at those suppressed earnings levels. Sometimes even lower if the market becomes depressed. There is so much farther to fall and you're just walking right into it.
