Often times I here somebody say something like "the market needs a correction to fuel itself for the next leg up"
This to me makes no sense. I get that corrections are very welcome, to give discounts in order to load up on stocks that have gotten overpriced"....but why would a stock need to come down in order to keep going up? Why would a lack of a correction be detrimental to a stock? I get thst stocks DONT go up forever withotu a correction...but why does a stock inherently need to pull back in order for it to go up in the future?