I’ll agree the market is always right. It’s not surprising in the least that the declining dollar is pushing up the various indices in the absence of any solid fundamentals. Unfortunately, due to that inflation the actual real value of the market is less than Y2K levels.
So yeah, the Dow soars to record highs, but not enough to keep up with the cost of energy, food and basic goods. Funny that!
I’ll agree that I don’t see a 1929 like event happening again (at least, I hope not). We have better checks and balances now.
