Many events, we can talk about others we just let happen. In either case, when the market is “not expensive”, one has to continue to SIP in his portfolio of individually picked stocks or MFs.
Current status of Nifty
Average PE 20, which pegs nifty at 8300
Great Value below PE 17 pegs nifty at 7000
It is highly likely that these values will be achieved in the short term. At least, such is the recent two decade history.
As simple as that. Dev Ashish puts it in detail.
Even graphically it does not seem too distant.