No place else to get yields, everybody keeps turning to equity markets and there is no place to have the solidity or safety of equity markets the us has so the market of choice spirals ever higher. Charles here is the thing i find interesting, a lot being made of institutional money coming out of the market, tons of individual investor money coming out of the market. I dont see a lot of exuberance we are being led by utility stocks. The narrative that this is just unfortunate and Goldman Sachs to be 60 instead of 160 is why investors missed this rally. Doesnt feel like an irrational exuberance, like a safe haven. We are steering the ship of our economy and it is able to be steered. Again, we do have this eight year ongoing thing that there is no place to get yields other than the equity markets so money keeps coming added and anytime it is about to die out there is a new reason to be here. Charles last night smuckers raised their dividend. I tell people dont worry about the next highte
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