Stock bulls bottom line argument is where else is there to go with your money? Bonds at one percent or less?
When the Nikkei crashed from 39,000, Japanese investors were so traumatized that they sat for 20 yrs. in bonds yielding one percent + or -…..they did not come back to the market and the Nikkei was dead money for 20 yrs…it could happen here is we get a 3rd melt down…