I was thinking over the weekend about all of the insurance companies, banks, and bond funds that have maturities  this year and the level of rates. It makes no sense to buy a 10 year treasury note at 1.40 or an even lower yield. The cash from maturities has to go somewhere and I can only think of the stock market and property. So stocks are the only place to go that is liquid and with no increase in site this year, it looks like a higher market.

Having said that, there is always a black swan event that could happen to give us the correction that many of us want to see. All I do know is that when this ends, it is not going to be pretty.