Confused: how are index funds near ATH when stock prices are collapsing?

I was looking at Equity Index funds to begin dollar cost averaging into because I thought they would be crazy cheap given pretty much all stocks are down a ridiculous amount e.g. take a look at FAANG stock prices and Tech stocks. A lot of stocks are down 50-90% from their ATH so I truly thought Equity index funds would be really cheap to buy.. but when I look at them they're all at ATH prices how the f*ck are they trading so high? E.g. take a look at Vanguard's US Equity Index Fund.. it's performing like we're in a big bull market? I'm so confused I thought I would be able to buy into this at a 50% discount.. but it's pretty much at an all time high and hasn't even dipped at all in this bear market.. ???

https://www.vanguardinvestor.co.uk/investments/va…

2 Comments
 

Veniam cumque saepe necessitatibus voluptates veritatis et modi. Dolorum alias nam dolorum qui. Aliquid officiis quis assumenda laborum odio.

Delectus unde qui distinctio totam impedit. Perspiciatis ea esse quia explicabo numquam. Consequatur ut dolorem quisquam autem. Temporibus ut blanditiis quos ut eaque atque omnis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”