My freak-out-o-meter needle is in the orange zone

[Ted King]

pdq wrote:
I hear you, Ted. I've been playing it verrry conservatively since Mr. T got elected. I've missed out on much of the run-up since then, but I'm not seeing the increasing profits to justify the current inflated P/E ratio of the market.

Over the years, I've had enough of the musical chairs game in my retirement account.

I'm concerned that the economic elite have generally factored in a substantial tax increase coming in the future as a gift from the Republicans in Congress and Trump. It seems likely that the Republicans will find a way to get the money to them but it's still a little iffy. If the market valuations do reflect the expectation of a big tax break for the wealthy, then that is another vulnerability to stock price stability - along with things like a somewhat inflated P/E ratio you mention. It just feels kinda shaky to me.