It’s just a coincidence.

Margin debt at all-time highs. Corporate profits at all-time highs and now falling. Bullish investor sentiment at all-time highs. Valuations at highs seen in 1929, 2000, and 2007. QE is done. Issuance of subprime debt at record levels. High yield rates soaring. Japan in a depression. Europe in a recession. China slowing rapidly. Middle East crumbling as oil revenues evaporate and chaos ensues. Russia headed into recession. Consumer driven American economy only sustained by rapid expansion of auto and student loan debt. The similarities to the 1928-1929 boom and bust are just a coincidence. Right?

No Need to Worry.