As long as the junkies continue to get their fixes the market and all the other bubbles will do well. But eventually the patient OD's. Vanguard tells me I should be 87% stocks 13% Bonds and 0% Cash. My 92 year old in-laws are told by Vanguard to keep only 10% in Cash!!! When Bubbles last this long people begin to believe they are the norm! Very dangerous in my opinion or as the young people say IMHO.
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The Bronx/Stamford CT/New City NY/Coral Springs FL/Hampton Bays L.I./Pinellas Island.
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