Traders Cooperative

[Wishthiswasmyjob]

Ultimately, EVERYONE knows
the economic conditions DO NOT justify the valuations here -

https://www.multpl.com/shiller-pe

Especially with so much debt and contraction looming.
This is just a situation of irrational buying and FOMO (fear of missing out).
Risks are just being ignored, but as long as buyers aren't being punished,
there seems to be no worries.

Soon enough though, we'll see a hard break and fall back to the 400 level.
Irrational moves, both ways.

It seems no one is concerned about the reality of economic issues
and lack of discretionary income -

https://www.multpl.com/us-real-retail-sales-growth