Ray Dalio, Elon Musk, Michael Burry, Warren Buffett and Charlie Munger, and others are all more or less saying the stock market is horribly overvalued, conditions are similar to the dot-com bubble, and some are even putting a lot of their money in cash (Burry sold almost all of his stock positions not too long ago, Elon sold billions of dollars of stock, WAY more than he ever has before, and Buffett and Munger have basically said there are no good deals right now, which is why they put some of their bash back into their own company). I've also noticed talks of valuations and a bubble and a collapse of sorts seems to come up with increasing frequency... Musk tweeted he expects a crash by spring 2022 to no later than sometime in 2023. Burry is already 94% in cash, and Dalio's outline of economic collapse seems to be playing out in the US almost exactly how he has described for years, and he said several years ago he thought a giant debt crisis would happen sometime between 2022 and 2024.
Does this not all point to a high likelihood of a major drop in stock prices and likely a recession of some kind? Seems like EVERYONE is in the market these days, and leverage is much higher than average also...