Man, I don't know what to say? Every fundamental and logical reason points to a stock market that should be tumbling, but instead, the S&P 500 Index closed above 1700 at the end of this week. It's just way too crazy.
Our Government is totally dysfunctional, the economy is stagnant, the job market is disintegrating, corporations are increasing their stranglehold on the poor and middle class, judges and politicians are slowly marginalizing our civil rights, and we're still continuing to lose our homes, our pensions, and our safety nets.
And even the cash-rich corporations sitting in the driver's seat are reporting disappointing earnings this quarter. There's absolutely no good reason why the stock markets should be at these levels.
Yet, there are crazy optimistic investors who continue to see the glass as half-full, and continue to tolerate the criminals in their efforts to destroy our way of life. Perhaps it's true that the wealthiest 10% of Americans own >90% of the stock market. Who else would take on such risk? If you can figure it out, more power to you.
Regardless, those who've continued to invest in low-cost, diversified, stock market index funds, have been in the driver's seat for the past five years, and have seen their portfolios gain tremendously.
At least the stock market appreciates my efforts at promoting a Boglehead approach to investing.