The 2008 financial crisis correction brought markets back only to historical fair value (~12 PE) and held there for approximately one month before dip-buyers returned, never ripping the will out of investors or forcing deep enough sentiment correction; this prevents lasting behavioral change and allows complacency to rebuild.
factualpending
Speaker
Dave CollumEvidence Quote
“the 2008 correction for example got back to fair value but not cheaper...they only spent about a month at fair value so the the what we considered to be a horrific correction went back to historical average value”
Source
Markets Overvalued by 150% as Dishonest Metrics Hide the Coming 'Catastrophic' Collapse: Dave Collum— Kitco NEWSCreated: 8/12/2026, 6:42:10 PM
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