24-July-2021:  The following screenshot of a couple of graphs of the DOW from Marcus Padley's Saturday email this morning do not really belong here under DJRE, as it's the SPDR Dow Jones Global Real Estate Fund (DJRE) which seeks to provide investment return, before fees and other costs, that closely correspond to the performance of the Dow Jones Global Select Real Estate Securities Index.  However, it's the ONLY ETF I can find on Strawman.com that has ANYTHING to do with the DJIA - or Dow - the Dow Jones Industrial Average, which we should remember is an index of only 30 (thirty) of the USA's largest companies - but look at the rise!

Click on the pic to enlarge it.

I can't add pics to Valuations or Forum posts, so this is where I'm putting it.  You can take this a couple of ways.

1. We are seriously overdue for a serious correction or crash, and/or

2. Company valuations, share prices, and indices can all keep rising far beyond levels that may seem reasonable to ordinary and rational people, and the top could have been (incorrectly) called many times over the past few years, yet that hasn't stopped the rise and rise of the Dow.

My personal view on this is that these are not ordinary times, mostly due to massive government and central bank stimulus and ultra-low interest rates, but that will all change one day, and so will the relative attractiveness of highly priced company shares, as one day there WILL be viable alternatives from which to derive income.  At the moment, the share market is the only game in town it seems, but that situation will not last forever. 

I'm still mostly fully invested.  Alert but not alarmed.  But I do think we are in unchartered territory and we shouldn't expect the current situation to continue too far into the future.  The air is mighty thin way up here!