I agree in Normal times … but these are crazy abnormal times! We just passed a 2.1T spending bill! A trillion is a Million Millions! So we just pumped 2 Million Millions into the economy in December and the Dems want to pump another 4 million millions into the economy that’s already been budgeted with 5 million millions! And I think the March 2020 stimulus was somewhere around 2million millions! All taxes going into the treasury is only 4 million millions … so in a 12 month period we’ll have injected 13 million millions of which only 4 million millions are paid for by taxes! By March there will be at least 9 million millions floating around that normally wouldn’t be in the economy … all in just 12 months! All that to say equities could be seriously undervalued relative to the vast amount of potential millions that could find their way into the markets! As a footnote, the Fed could be preparing for a mammoth rotation into precious metals for when the inflation tsunami hits later this year. That way equities won’t necessarily have to collapse to accommodate the rotation. I think this slow motion train wreck is going to pick up speed. I can make a case for $5,000oz Gold now based on the 300 Billion Dollar National Debt in August 1971 when we went off the Gold standard @ $35/oz! Gold is CHEAP CHEAP CHEAP right now! It will always be a store of value unlike Bitcoin! Good time to start increasing exposure to precious metals to keep things balanced!

yep, they have a parade of fed speakers this week. wall of worry to go higher. but it is gettin very top heavy.