The market is way over-priced imo. Most agreed the same a couple of months ago, and since then it's up another 6% with 2017 earnings estimates unchanged. It looks like the usual pre-market bump today will offset the drop yesterday from all the dire headlines about Trump's off the cuff remarks and uncertainty, and hard Brexit, and increasing tensions with China and Germany, and possible eviction of the free press from the White House, so apparently nothing matters!

I recall too the narrative of the last couple of months was that everything was awesome. The consumer confidence was awesome, the holiday season was awesome, individual earnings were awesome, etc. etc. And yet Target today reported softer than expected comp sales and lowered their FY guidance too.

finance.yahoo.com/ne...4.html