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This is probably the most insightful comment here. When your grandma is buying some asset class, it's time to sell. I think the biggest complicating factor here is the US government debt and the massive amount of it that the federal reserve owns via its treasury bond buying program since 2008. Who's on the hook for this debt? The common person, via the value of the US dollar. The next crash will be precipitated by actions of the fed and creditors to the US government, not stock market investors. Incidentally, in this environment, cryptocurrencies could emerge as a safe haven.

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