The Dow is about 50% above its dividend yield valuation of 6700. The market is poised for a panic out of equities and into commodities. Gold is below its inflation adjusted trend line of $3000/oz based on its 1/1/33 price. But haven't all of these conditions been redlining since 1998 or even earlier? So why should the market return to reality right now? Why shouldn't the sugar high last another week, month, year or decade?