This is one of those "everyone who dies, breaths air" statements.

It's frustrating people who parrot it think they're smart by saying it to others with no basis and finally when it does happen they're like SEE SEE!?

> Until then, history teaches that we'll just keep going up and up

And this is the more important part. As long as you're <40 you SHOULD always buy SPY or VOO, even at the very top.

People have been saying the crash has been coming since 2022. If you believed this and acted on it, you would've missed 3-4 +10%/yr returns.

As Buffet says: You can't time the market; be in it.

I very much disagree that it's coming. I think we need to completely reset our expectations of how the market works. There's been nearly an entire generation working in this "new" bull market, where things like EPS mean absolutely nothing and speculation no longer requires actual returns.

> the crash (that we all know is coming) will do that. Until then, history teaches that we'll just keep going up and up

Stock prices don't have to crash. They can just stagnate while profits catch up and multiples compress.

Debt binges, on the other hand, tend to go bust with a bang. But after the recent private-credit scare, the AI build-out has been predominantly financed with stock. (I think.)