I am baffled, too, to say the least. (But my stops on lenders, builders, and QQQQ haven’t been hit, so maybe there is a last chance for the market to crack.) It wouldn’t take much to get investors out of stocks, just the equivalent of Amaranth at an equity fund. Here is another possibility what people could do if they sense bad times: stop consuming and pay back their debt. I know it’s unlikely that this is going to happen, but not impossible. It works for me, downsizing expenses and increase savings, just to make sure I have some buffer if bad times strike.
