I have been watching videos on investing, aimed at Americans, and been commenting that COVID is a game changer. The numbers out of work, and expectations of no job to return to, Amazon paying piss poor wages the kind of options left. With stock prices over-boyant. Then I saw a few pundits saying there has to be a "levelling" - the market is over-geared. (and ads screaming at you that NOW is the time to invest).

Sounds a bit like 1929 - doesn't it?

History repeats itself, it has to, because no-one is listening.

I said the same in 2007. The ratio of average house prices cf average wages were my clue. Ah! But it was different from 1929. Yea, sure, if you pick yer metric, mine is hubris. All it takes is one more butterfly to flap its wings, like the Evergiven................