I struggle with being too bearish. But I am right every once and a while.... which really is all it takes to self reinforce the idea. I feel something is off is all. Companies and what make to what they are valued i just don't see as realistic right now. If you run a M+A value on almost any company in the market for instance and you had all the money in the world you would not get a good deal right now. I also think that's why WB/BH is sitting on 130+billion in cash and getting killed by inflation, they would rather take that hit than accept the risk of a bad investment.

Because every market has doubled in value since march 2020?

Even worse, prices have doubled but dividends have remained about the same (that is, yields have decreased).

That's bearish? I'm being somewhat obtuse, but this bull market is not over yet.