. But I would like to suggest your comments are based on rational thinking and using the past as a guide. But in this new world of irrational and AI driven, non-emotional investing / trading. I really think many of the old investment philosophies have to be put on the shelf.

How else can you explain the total lack of concern shown by the VIX in a time when the political world is in total disarray, Companies like Amazon and now Telsa no longer need to be profitable to justify huge market caps. Where a known nut case is threatening to attack the U.S. with Nukes and the market continues to rise. Where ETFs are replacing mutual funds and now outnumber the stocks they invest in. Where oil prices are destined to decline as the world finds new ways to process oil reserves, and also reduces its demands for automobiles and electric cars will become more common.

I feel you can't just accept what has happened in the past based on historical trends providing insight to the future when the emotion of the masses is being removed.by computer driven strategies using A.I.

Of course, there will be a crash at some point but it will need to be different than in the past. There is just too huge of a buying the tip safety net below this market, So it will take a series of events to bring it down and keep it down for more than a few weeks.