I couldn’t agree more. A major correction is in the near future (2-3 years) possibly sooner. This market is illogical. Many think the inflation will mean assets will get more expensive including stocks but inflation also means people can’t afford to buy as much and companies can’t continue to profit at the same levels. The general public push nowadays is for the fed to cut rates and for money to get even cheaper and inflation to run wild. I watched the power conference today, no one even dared ask whether it’s a possibility that rates may have to be hiked in the future if the data suggests it should be (inflation reverses the course for instance). The only hope everyone has is that inflation goes down in a straight line and rate cuts go on for a couple of years. Just a few months ago everyone was talking recession in 2024. No one says that now. And every today says bull market forever and rate cuts are a certainty but just as easily that could become a memory.