Just roughly looking at Rich’s valuation graph. Peak was 180, historic median at 105. That was roughly 40% reduction. You got a few folks that lucked out and hit 50% reduction, just like you had some folks that got 30% reduction, the average thus being 40%.
Now we are at 125, getting down to historic median of 105 takes a 15% drop, not 50%.
Very likely given timing wise we are due for a recession soon.
The question here is it is a no brainer to wait for the bubble crash. Is it worth waiting for a 15% cyclical adjustment.