You only need to stop a moment and think about it. Despite all the bullish propaganda the valuations are crazy. It's a trap. The more you analyze it, the worse it gets. Take defensive measures now to protect yourself against the bursting of this bubble and what it will unleash.
Credit creation is completely out of control in relation to economic activity and domestic savings.
By this measure, the U.S. stock market's bull run does not only rank as a bubble, but as the biggest and the worst of its kind in history. Bubbles and booms often continue much longer than anyone thinks possible. Nevertheless, all bubbles eventually burst with a vengeance, and the current one will not be any exception. His view on the stock market should cause investors to worry. Let there be no doubt, what we are witnessing is history's greatest financial bubble fed by history's most reckless and most careless credit excesses.