These are a few of the main reasons why the stock market has reached rather elevated valuation levels without any type of meaningful correction during the past several years. (netpicksetfinvestor.com)
Significantly, earnings rose in 7 of the 13 corrections (+10.5 % on average), indicating that earnings gains do not necessarily prevent meaningful corrections although they can help offset the effect of rising inflation. (bearnobull.com)
The prehistoric and historic record of equity markets provide ample evidence of overvaluation and high probability of meaningful corrections. (edgeandodds.com)