Where have all the good stocks gone?

[Kingran]

@Leap1

But you are not explaining ten years from now

The CAPE wearing warriors have argued marked is expensive since 2010. The longer the timeframe the argument to stay in the market gets strong.

Cash on the sidelines!

The below graph shows the funds in money market. From the below graph it seems $3 T is a steady rate, which climbed to almost $6 T. There is a lot of money moving in to MM funds chasing higher yields. [image] I am not sure how much of this will find its way back to stock market, if and when the yields start falling. However, in any sharp sell-off this could act as a PUT. The below graph is for the SP500 annual returns. In the last 96 years only 30 times SPY declined ( so it pays to be op…