I support that with nuance. The stock market must go up and it must go down in order to find an appropriate value for the current time. I do not know that there is any particular fixed value at which you say that this is where the stock market should be. This is merely the principle that everything is worth what somebody will pay for it. It's a question of optimism and pessimism spread across the masses. I can't tell people how hopeful they should be.

I think we are overdue for a correction, or we were overdue, but these things also do not occur on a schedule nor do they follow some formula. The stock market could go down 50% on fear. That would also be an appropriate response, though I would note that at that point you expect it to eventually come back up.

If I could really value the stock market more accurately than other people, then I'd have a lot more money than I actually do. I do pretty well. But I do not have magic powers. This is what you learn trading. There is no right there is only the right time.