Author: Brett Eversole, DailyWealth.com

Eventually, the pain will pass and good times in the investment world will return. It’s still smart to be a long-term bull.

The poster child for the post-COVID-19 boom, investors are buying it like they can’t lose… But there’s no uptrend in sight.

The last time the reading fell this low was in 2011. Double-dip recession fears ruled the day back then. But those fears were overblown – the economy recovered, and stocks soared.

That doesn’t mean the bottom is in, but it does mean we’re getting darn close.

Simply put, homebuyers have gone from limited buying options and brutal competition… to a huge crash in affordability, thanks to rising interest rates.