I think you are right but it won't really hit until 2020 when the administration changes. One thing really helping drive this market is that indexes are driven by a few huge mammoth companies. Additionally, the tax law changes let them bring home tens of billions that they spent on buybacks to drive the price even higher. That was a one time event. Interest rates are already too low and the Fed still has too much paper. There isn't nearly as much powder in the gun this time around. I think this time will be worse than 2008 but time will tell.