Trying to predict stock prices is a touch thing to do. When stocks were down over 50%, I was scared to invest. I did, but just a little. I should have jumped in full force! Then, when stocks moved up over 30%, I started selling and selling some short. But then they went up for another 10-15%! Was it smart? Not sure. I think it might have been better to get on the downside a bit more slowly. But I do believe there will be a correction. Who knows when? I don’t even know whether it will happen.
One thing I observed recently, is that stocks gain momentum. Either on the downside, or the upside. Some people get in when the bull or bear is moving. And that has a way to extend the movement. But eventually, things catch up and stocks move where they should.