S&P500 closed at a record high with every indication the great rally will never end. Now the valuations of market indexes such as the 500 are rarely wrong. Well except almost always. Back in September and October of 2007 when I called the bubble then, same dopes were chiding me for evidence of any breaks. This time the markets are in a unique position of having a fund raiser rooting from the Fed instead of the usual retail buyers who usually take the professionals positions from them at record highs; the position the pros bought long ago. This time however the pros will have to sell back to their own kind as the generational risk averse stance of the boomers will be unyielding in their rejection of this market. Their view; better to avoid a loss and than seek a gain.
This market is bubble time. Good luck again.
