kwave, Facebook Netflix Apple Tesla Softy and Google CAN do it coz IMHO they were highly inflated.
SP500 has many companies which are not inflated. For example Ford selling at below 5 P/E.
But if capuitulation takes place anything can happen. I will be shocked if SP500 gets to 2300 in 2022 0r 2023.
Actually the S&P could be around 2400 in 23, there is a strong probability of it but it won't go there like people think we will, it'll be a grind then a swift sell off to find a bottom that still won't see new highs for a long time to come. In my view were more like the 2000-2015 style of trading which was mostly sideways...