Meh, it’s obvious. The market is like a slow moving sine wave. Guess what? It’s at another zenith. It will crash to another low and then do it all again - until the “BIG” crash. But whenever markets hit highs in this particular economic climate, it’s a HUGE signal to get the hell out.
If I were a Billionaire and wanted to “Buy” stocks, I’d do my best to tell everyone that I was “Selling”.
The next decline, if it starts to look like 2008 again, may actually be the BIG crash.
There is not much left in the bag of tricks for the fed this time around and it is difficult for me to envision how the safety net could get bigger.