Or, market fundamentals have hit or crossed a marginal point where the probability of a contracting market is beginning to diminish capital valuations. They’re keeping stock price trends positive at the expense of cash on hand.

I’m not sure of this argument, but I sense meaning going on at the margin.

My Econ professors had a saying. Something like “you know a correction will start when the last stalwart holdout is convinced he can make money in this market [meaning no one else is left willing to jump in].” Paraphrasing a decade old quote.