Good post. A crash is coming, but more than likely a year or more away. There is no euphoria in the market. Lots of money on the sidelines. Companies just finished reporting record profits. If there is a tax reform package passed, this would likely give companies a 10% tax holiday and $2.6T in corporate profits that sit overseas will be coming back into the US and into the corporate coffers. There will be massive dividend increases, stock buybacks and M&A. This is all bullish for the market.
I'm looking for a 5% pullback in the next 2 months. We need this. It's normal and healthy and constructive for moving averages and the technical indicators. The indicators are still strongly in an uptrend. The markets don't crash when they are technically still in a bull market. Remember its normal to have multiple 5% pull backs in a year and to have a 10 correction as well. We haven't had this since 2015. Prepare for a pullback, but if you get scared out of the market, you will likely miss the big market melt up that Dr. Steve Sjuggerud (Stansberry Research) has written about for months.