Yes, as long as governments are flushing this much liquidity into the system it has to go somewhere and the markets have been a big winner as a result. Now when that party stops and inflation kicks in, that will be a whole other ball of string. In the meantime however, being out of the market is going to mean you forego a LOT of upside.
I also agree with the majority of what bdub said in his last post, though he and I will never agree on Gold
. The sectors that benefit from the economy opening up, as well as inflation is the right rotation, and with the massive moves to regulate Amazon, Google , Twitter and Facebook in the States and Europe those areas are likely to take a hit.