re: "Too many ppl on this board wishing for the market to tank"
speaking for myself only, i certainly don't want the market to tank.
a lot of people in the USA are struggling to find decent paying work. unemployment is still higher than 2007 (pre 2008 crash) and many of the 200k/month jobs increases the talking heads are touting are for lower salaries than those people earned prior and often for part-time work. meaning, overall, workers are earning less, even as the stats folks tout ever more jobs.
a market correction would almost certainly worsen the situation for the labor force across all demographics below upper mgmt. and that's grim for anyone.
as such, i am not wishing that the market will tank. i simply feel that, realistically, the market is:
• overvalued: Shiller P/E ratio currently 60% higher than historic means.
• inflated: S&P is 35% higher than 2007, while U3 unemployment still 17% higher than 2007.
• with significant carry trade debt as a fed rate hike looms on the horizon. (this is critically serious, for anyone who hasn't taken time to research it)
adding all that up suggests to me that while the markets can certainly range higher on exuberance at some point, without significant rapid GDP growth, they will realize they have flown too high.
and, with the carry trade debt issue, that moment could come as soon as the fed raises rates, which might happen in two months...
fwiw, these are my opinions on the matter. if you have statistically backed data suggesting the opposite, i welcome it, for the benefit of all involved in this forum.
News 
Market Data 
Discover 
