Those suffering from such concerns... should go stare at the following two charts for a good ten minutes each.
USA - Dow, monthly, 20yr
Germany - DAX, monthly
Summary
*sure, the current monthly candle for the Dow will likely see rather significant net monthly declines, but the key 17k threshold is still holding as strong support.
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Without question, unless the market puts in a new historic high in a given day, the crash calling maniacs are out there... on the loose, touting their relentless (and largely.. .baseless) nonsense.
Ironically, even the cheerleaders on clown finance TV are almost as twitchy. Remember how in early 2013, the cheerleaders were already calling for QE3 to end in Feb/March... and were extremely concerned about major downside? I sure remember, but seems most haven't.
Now, here we are... still holding the sp'2000s... and still so many are real twitchy with each down tick.
How can this be with quality stocks like AAPL having a PE in the 9s? Seriously, this remains one bizarre market in so many ways.. and until stocks like AAPL are at least DOUBLE what they currently are, this is no bubble top. Hell, the true 'bubble phase' hasn't even started yet.
Looking ahead
Thursday will see the usual weekly jobs data and pending home sales. In the scheme of things... not much of importance. Market will have eyes on Friday.. when GDP for Q4 is released.
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Goodnight from London