I respectfully disagree. Only reason US stock market is on a high plateau is because of artificial zero interest rates by the Federal Reserve Bank. With CD’s paying 0.1%, and bonds paying record low interest rates, there is no place to put money to work except the stock market. Foreigners buying US stocks are paying double due to high stock prices and strong US dollar.
Seniors and savers are getting hammered due to the record low yields and they are forced to delve into more risky instruments such as junk bonds. While food prices, healthcare costs, utility rates, etc keep climbing. The Federal Reserve (FED) does not even have congressional oversight. The Fed is creating a stock bubble. Stocks are as overvalued now as in 2008 before the crash. The government created housing bubble with sub-prime mortgages backed by Fannie May. Every bubbles in every country always bursts with a bang.
Gold prices are simply telling us that this economy is not in any shape or form healthy and will roar any time soon.
.and part of every single government payday-check, goes to a stock market fund.