I believe you are probably correct. Businesses and investors will accept their reality and position themselves. If business can't function with long rates at 3-4% then half the stock markets gains in the past decades would not have occurred.
Who knows if we have a real pullback but my crystal ball says we better be prepared for more days like yesterday. Straight up 4-6 months in a row is over for now. If you are prepared these are the days you make port adjustments. I just 9 months trying to adjust and there weren't many opportunities. And Ken I am not talking about cashing out a good stock that just suffered a harsh dip.
Who knows if we have a real pullback but my crystal ball says we better be prepared for more days like yesterday. Straight up 4-6 months in a row is over for now. If you are prepared these are the days you make port adjustments. I just 9 months trying to adjust and there weren't many opportunities. And Ken I am not talking about cashing out a good stock that just suffered a harsh dip.