“Have we capitulated yet?”
“Stocks are oversold. Surely it’s time to buy!”
“I’m seeing bargain-prices for high-quality stocks everywhere.”
Uh-huh. Just keep the chart below in mind, which was kindly sent to me by a fellow reader.
![](https://slopeofhope.com/wp-content/uploads/2022/05/perspective-640x558.png)
Here’s a different way to look at the same idea:
![](https://preview.redd.it/7xdqhzqktt091.jpg?width=640&crop=smart&auto=webp&s=06522998afea5c164eebb27ac3a6da13c7f02031)