I see lambie slayer is back with the bargin boyz. Well I hope he is right, he was in 2018/2019 dip down to 3k. But I feel the call might be a little early considering the global landscape right now.
I still feel things will only turn around properly when the Fed reverses and I think the catalyst for that reversal will be when Japan collapses (or hopefully before then when the signs are obvious). Make no doubt, Japan is certain to collapse if rates keep increasing. The BOJ can't keep their 10 year bonds at 0.25 without their currency being demolished and if they back out of maintaining the 0.25 ceiling, their yields will skyrocket to above 3% and the government is now bankrupt and cannot fund services without money printing.
It's also possible that inflation might turn around before then, and I'm hoping it does, because if the worlds 3rd largest economy goes down the contagion from that will be devastating.
Buy for the long-term gents, easing is assured until debt levels become sustainable.