People don't seem to be reading the actual story posted so let me TLDR it: Barry Ritholtz has been around and has seen a cycle or two. The economic drivers cha

People don't seem to be reading the actual story posted so let me TLDR it: Barry Ritholtz has been around and has seen a cycle or two. The economic drivers change but fear and greed still drives the 'melt-ups' and 'melt-downs'. Analyze the market (and what the proper valuation is) in the context of where the economy is now and where it's coming from. Don't dogmatically avoid tech stocks because their valuation multiples are higher than you've been targeting for the last 30 years. Don't buy things just because everyone else is doing it and is making quick paper profits from it. The old saying of "Bulls make money, bears make money, pigs get slaughtered." is relevant.