The markets have never been , in my 68 years of life, an affixed fixture of upward stairs.
There also has never been an affixed downward stairs, either.
The gamble is, which staircase looms iin the darkness of uncertainty.
I prefer to mingle with tangible p and l, vs. speculation on either, and at ‘x’ unknown percentage.
Business profits weighed against CD’s can tell you why Capital Investments have been so strong.
CD levels have been so far below real inflation levels that the other options look great.
The current of “surge” amid the ComDem_Insanity say, we will hang with capital investment until such time as fixed interests offerings are worth the risk.
Now if the New Communists succeed in collapsing the US economy and they kill capitalism as they advocate they will.
Then the profit and loss will be gauged in blood and lead.