If we turned the chart upside down and labeled it with our favorite worthless dotcom everyone here would be telling you to let the momentum run and you would be a fool to bet against the trend. Fundamentals argue against a PE of infinity to nothing. Never stopped the permatouts from pushing something to the upside before.
So what is different about this. The flipside of the dollar falling is everything else rallying. What folks don't like to contemplate is that we have had a free ride for 3 decades and don't produce anything that anyone else wants except agricultural commodities - and that is how you become a third world basket case is by relying upon selling farm produce.
The Fed has been printing lots more money? Since when?
What folks don't like to contemplate is that we have had a free ride for 3 decades and don't produce anything that anyone else wants except agricultural commodities -
Is that why are exports are at record levels? Only because of agricultural commodities?
Except, you know, for $14 trillion in goods and services every year. Little things like that...