keep praying.
i dont see systemic risk except that prices are "too high."
there needs to be some event to knock the wind out of the delusional patient.
in 2008-2009 it was gas prices crept up and forced people to choose between their mortgage or going to work (pay for gas)
what could it be right now? higher what? interest rates are at all time lows and things just seem stable..
lower corporate profit margins (reversion to the mean) is something.
but overall, i dont really see a cause for dumping, but who knows.. there is just a lot of money that feels really positive about all this stuff... and who knows... i hope you're right but i doubt it.
the cool thing is that wealth is really concentrated... so we are susceptible to big swings when big boys panic/force liquidate en masse
Glen Bradford
Purdue University
Master of Business Administration
Bachelor of Science in Industrial Engineering
"Uncertainty will certainly work for me." -GRB
