Is this a good trade, bake in the impact of what ana annual correction would cost into the forward price of capital investments to avoid having a visible recession/bear market? If the dollar value of your investment portfolio rises 8% a year but the value of the dollar declines 8% a year you have no net real gain, but you did not suffer a recession. This is why some people do recognize the 2022 recession because GDP did not decline but "real" GDP did decline for two consecutive quarters, people did not notice and did not panic so it did not seem like a recession.

TEK