When reading posts and comments here, many mention stocks or the market nearing or surpassing their all-time highs (ATH). Some treat this as a unique and precarious situation, cautioning against further investment.
For instance: “Be careful about buying Microsoft/S&P500, as it is close to its ATH, and very expensive right now!”
Yet, history shows the stock market has seen numerous ATHs, with consistent growth. Not investing during previous ATH waves could mean missing out on massive gains. So, is reaching ATH this time truly supposed to be exceptional or just fear-mongering?
Why such emphasis on ATH?