Haha well said. I agree there is no Armageddon coming. The valuation on equities is just over inflated in my opinion. And that’s where this has been a beautiful play since SPY $294. We can bank here, see a nice reasonable pullback in equities and then enter long equities when values are more reasonable on a PE basis.
Realistically, the best way forward for equities is a nice supported pullback. I think people are stuck thinking we either need a new ATH every month or the next 2008 is coming. But they fail to see there are so many shades of gray in between. The economy can be great, equities strong, but the forward PE on a slowing growth model can’t continue to be what it is now in my opinion.
News 
Market Data 
Discover 
