Larry Berman: What does market breadth tell us about when to 'buy the dip'? VIDEO SIGN OUT All my valuation models are still off-the-charts extreme, which means that longer-term, forward-based returns are likely well below average and correction risks are elevated. Economic conditions overall are supported by massive expectations for more stimulus and central bank support. This could, and maybe should, last into 2022, but you can already see that massive stimulus is getting bipartisan pushback. There is also a funding problem. The U.S. Federal Reserve is not buying enough and that can hurt inflated asset markets. You canât be bullish about this, but it can continue to support the economy for as long as it lasts, and it has thus far.