Not that I myself do not have bearish concerns; One has to ponder how much this guy has left on the table doubting the rally all the way from SP 666. Astronomical. The stock market has more than tripled in the last decade. This has been a generational advance in the market, very unlikely to be repeated.
I’ve sometimes questioned what the market numbers really mean to a company. If they want to sell more stock they can sell it at a higher price if the market has soared... but ideally shouldn’t that be tied to the company’s own prospects. And then what does one do with the stock. If it doesn’t have substantial dividends, what we are looking at is a gambling game, not a profit sharing game. And gambling games have fads. I’d suggest looking at markets of highly dividend bearing stocks, for a view of something more realistic.