Irrational exuberance look out below

The 19,912 record high on the Dow, the Trump rally continues to lead the blind. What are they blind to ? For starters 20 trillion dollar plus deficits that will rise significantly more under president Trump. How long can you print money to keep your business going. Well in the case of the USA they’ve been going at it nonstop since the Reagan years in the 1980’s. The reason everyone is turning a blind eye to this is because we at record highs. I'll go on record as saying this. The percent chance of the Dow reaching 22,000 is under 10 percent while the chances we trade below 16,000 is around 80 percent. That would be a 20 percent drop. The risk to reward ratio of being in stocks is almost nonexistent. If you don't want to short the market and buy put options. At least consider being on the side lines you'll be able to buy stocks at much lower prices very soon.

Alan Greenspan used the phrase irrational exuberance to describe stock prices twenty years ago. I think that phrase irrational exuberance best describes the state of the stock market now.

20 trillion dollar plus deficit and yet 19,912 on the Dow. The blind are leading the blind.