With respect to US markets, Trump's new policies are in theory good for corporations and net bad for employees and lower + most middle class Americans. I heard that 85% of stock is owned by the richest 15% in the US. So regardless of what people think of valuation, there is a case to be made for the best US corps to rally on Trump's tax policies ( as they have been lately ). I have no idea what in fact will happen, but I wouldn't preclude a blow up last(?) leg up in US markets. People really have to be prepared for that possibility as much as any "crash" scenario.
With respect to historical patterns in US markets, many posters on here ( S2007S for example and many others ) have continually compared US markets of recent years to the late 1990s. However, they let emotion get in the way of an objective comparison. Nothing back in 2012-2015 ever resembled Nasdaq in 1999 yet that is where they went to. 1998 was a huge year for the Nasdaq ( 40% ) but 1999 was an 85.6% gain across the board. That's what a real bubble looks like; hasn't happened yet.
Basically the US ( and to a lesser degree Canada ) has engineered as massive transfer of wealth to it's richer citizens and the only way the middle class can participate is through share ownership or depending on region real estate ownership. It's incredible that Trump is accelerating that transfer again in the US yet the people just accept it.
Well said...thank you for this insight.

