I warned about Bubble Stocks many times during the Denial Phase of the Bust.
2022 was all about valuations coming back to earth.
The magnitude of the decline in many growth stocks gives the illusion they are cheap, but not so fast.
If you ignore the Covid bubble valuations, many growth stocks are not cheap.
Many are actually at ATH valuations, above PEAK pre-Covid multiples.
The structure of the Covid Bubble and Bust has closely resembled many historical bubbles, including the early 90s Japanese Nikkei Bubble.
https://twitter.com/Marlin_Capital/status/1609231495582851072?cxt=HHwWgICx-ZzhkdUsAAAA
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