Excellent example for the Behavioural Finance theorists.
There is an increasing amount of narrative, constructed to explain market gyrations, with little true analysis. This is as true at tops, as at bottoms.

On a valuation basis, the market is still nowhere near a bear market bottom. There are other metrics other than valuation, but they tend to focus on the market itself.

I’m going to pinch your cartoon!
Ta.

jog on
duc