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.. ???
Energy Sector
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