For years after the financial crisis of 2007-2009, investors worried about a second dip; a return to recession and crisis. Since the tax cuts along with decreases in the regulatory burden, investors have been screaming peak earnings and unsustainable margins. They worry about a collapse in the current favorable conditions and then the resultant sell-off.

Investors always seem to find something to worry about; good cannot last.

Yes, corrections do happen, and conditions do change, but there is no evidence of impending change in the positives that have helped drive this market.

Fundamentals are still excellent. The challenges out there like tariffs are limited in their impact on these fundamentals. Turkey is a small economic power with little impact on ours. No period is all good or all bad, but today things are mostly more than just good.

Stay steady, my friends.

The Lonely Bull