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It is a simple equation...

Without the ability to be self reflective and enumerate your own culpability in the matter you are doomed to be Lemmings headed for the cliff. That is my message to the collective aka as the "animal spirits" It is the verdict of history.

What the powers that be have done since 08 is to do the same old thing over and over again expecting a different result each time. What used to seemingly work before does not work anymore because the paradigm has shifted. You are in a different world now. The Global economy is deflating, as it has run out of paying customers whose credit limits have been reached. Governments are NOW running huge deficits and accumulating huge debt in order to prop up demand, so the lights will remain on for another day. Sooner or later that regime will have reached it's extremis and will collapse.

So it isn't the Equity market that is in "Bubble" mode it is the US GOVERNMENT and all the other developed nation governments debt loads that is the Bubble."

Honestly the above was the first thing I said in 09...that the govt has subsumed private debt and is creating the "MOTHER OF ALL BUBBLES." It is so large that you can not even see it. You feel it's effects in the increasing instability and irrationality of Global situation. Of which D Trump is just a symptom and not a cause.* For Trump was a known before he was elected.

*Trump is a distraction, while the larger issues grow more serious. You argue about the headache while ignoring the cause of the headache which is a growing brain tumor. You are being consumed with the symptoms which is myopic indeed. Get it?