When my son was eight, he loved scary movies.
By the look on his face as he was watching the movie, he knew it was a bad idea… and that it would give him nightmares.
Yet he kept watching.
That’s how I feel when I look at today’s market.
I know it’s not sustainable.
I know this ends badly.
Yet I can’t stop watching.
The S&P 500 is trading at nearly 30 times ear…
