Perhaps, but these long rises reek of enthusiasm vapors. Did a multi-year chart real quick and I see a correction coming. It’ll be started by some news event but it’s hard to fathom it continuing.
I lived through Enron enthusiasm days but thankfully did contrarian which allowed me to do well when others tanked for years.
“Things are different now” is always a dangerous thing. But if you’ve got a variety, or mostly sticking to indexes, you’ll do fine long term regardless.
I still see strongest growth in Africa for long term; and a protectionist US has built-in limitations to growth potential, no matter the tariffs. Long term I see stagnation for a while for US and Europe with this being a temporary last minute grab.
But – I could be wrong and hope so. As I don’t have any $ in the markets and not following all that closely, I either have a broader removed perspective that sees long patterns or I’m just out of touch. No idea which one.