But that has been happening for years during this cycle, investors willing to pay a premium for future earnings, Tesla, Amazon, the list could go on. On the oth

But that has been happening for years during this cycle, investors willing to pay a premium for future earnings, Tesla, Amazon, the list could go on. On the other side companies with good earnings are still underpriced because people are pricing in other things. I see that as a good thing, people are being rational and not sticking to numbers. If the banks thought they were undervalued they'd be taking huge positions in those securities, not exposing them to the world. The only really bit in this article was a shitty attempt at explaining the "economic cycle". Saying the "Downturn Is Coming" because we might be a peak was less helpful than explaining what the cycle is, what it means to be at this point and what that might mean to do about it. Saying the "Downturn Is Coming" to me says, "shit guys, sell all your securities right now". It is plain sensationalism. To reiterate, I don't see much substance in this article and I expect a lot more from someone claiming the "Downturn Is Coming". If anyone can get their hands on a copy of Gloom Boom Doom [1] by Marc Faber and you see what quality analysis looks like of the current economic cycle. I believe his August edition goes into it but I don't have my copies to confirm. [1] www.gloomboomdoom.com