Do these charts concern anyone else?

[Southern Senator North Carolina Yankee]

If corporate earnings weren't so good, then yes I would be concerned. One thing to note is that the Dow by the numbers is going to be misleading at this point when graphed in that fashion because it exaggerates the current market and understates the run ups in the 1990's for instance and 2000's. In the 1990's, The Dow went from like 3,000 to over 13,000 before correcting. That is over a 400%. Even from the bottom in 2009, we are just under 300% currently. We also had a 10% correction in 2011-2012 and another one in 2015-2016.


One thing I would note though, is that aggressive efforts should be made to raise incomes and increase exports, so that corporate earnings remain high. Otherwise, the demand could run out of steam and then you run the risk of both a recession and a 20% or greater correction.