Stock Market Bubble Keeps Inflating

So many warning signs – is anyone paying attention?

• MarketWatch – A popular stock-market ‘black swan’ gauge is at a record
• Business Insider – Investors haven’t been this pumped up about stocks since right before the financial crisis
• ZeroHedge – Investors Admit Stocks Are The Most Overvalued Since 2000, Rush To Buy Them Anyway: BofA Survey

I have not hedged my holdings to date – but have a large cash cushion waiting to go to work in any down turn.  It is coming, but I can’t tell you if it is next week or next year.

I found this article and associated charts very illuminating:

• Business Insider – 6 charts that show the divide between rural and urban America

Might explain – Why Is The Opioid Epidemic Hitting Rural America Especially Hard 

Finally, Bloomberg asked people what their number is:

• Bloomberg – Two in Five Americans Say They’ll Need $1 Million to Retire

Extra – John Oliver had a really funny peice about Trump’s first budget: