Here is the rewritten article using contractions while maintaining coherence and key points:
Market bubbles have historically led to devastating drops in value. Each bubble is often started by a new tech or invention that makes people feel like they’re on to something big, with the hope that this time it’s different.
The Japanese market, for instance, breached 25 times earnings in the ’80s and later soared to 65 times before collapsing. The tech bubble around AI began in the late ’90s and peaked at 14 times earnings before rapidly rising again to 67 times by mid-2000.
While the S&P 500 and especially big-cap tech stocks may seem expensive right now, they could still go up for a while. I believe that if I miss out on an AI-driven wave that makes U.S. equities do better, I can live with that, but if I don’t prepare for the big drop that often follows high valuations, I might regret it.
I think investors should take a bit of a step back and lower their exposure to these huge tech companies and the S&P 500 if they want to stay safe for the long term. I like to play the odds as dictated by historical data and patterns, but I believe that an opportunity missed is less than a problem. If I don’t de-risk my portfolio, has anyone ever regretted missing out on something big?
I also think it’s worth bookmarking this article in case you’re interested in reading more about it later. And if you haven’t already, you should consider signing up for our newsletter—it could be just what you need to stay informed.
This version maintains the key points while using contractions and ensuring natural flow.
