lt cap,

Interesting article - thanks for posting it. Clear opinion, based on PE vs. traditional valuation. And I would sign onto that - except that most every logical argument has been confounded for years now. So, as I've said before - what *should* be according to stat analysis, simply hasn't occurred since the 2008 crash. Krugman of the NY Times never stops gloating that his view of economic stimuluous was a great idea seems to have worked. Yes, my gut says I ought to put a lot of money on the sidelines. Will I? I'm unsure about that. As I said the other day, the market has been counter-intuitive for a long time. (Look at the prices of dividend rich oil stocks.)  Also- I'm a little leery of Ned...(forgot the last part of the name - Davis?) analysis. Their track record on stock analysis/recommendations isn't terribly accurate.

Watched Trump's inaugural speech. Now *that's* a powerful argument to abandon the market. True to form, it was all about 'winning'. Coperation with other countries was rarely noted. That apparently isn't part of his lexicon. So, if he carries this out, and why wouldn't he - trade wars are in the offing, economic and military cooperation with traditional allies turns into 'America First' competition, and his goal (stated in the inaugural address, applying also to the above) and his style becomes an agressive one of competition, and Putin can watch it all unravel. Supposedly, he's a Republican, and the Republicans control everything right now. Paul Ryan, behind him and to his right in Trump's auguration speech, had a broad smile of victory on his face. Except Trump isn't really a Republican - he's  the 'Trump party' beholden to no one. Ryan may be just another pol who is  headed for Trump's guillotine (sp?), much like the French revolution in the late 1700's. God help us. And God help the market, given that we are all invested to different degrees.