yey the stock market flying high, why is that?
Wallstreet is not the Economy. and Yes, the stock market is a ponzi scheme but until the masses come to the same conclusion the scheme will be alive and well.
I won't worry too much about the market falling apart though when the trend turns down, but as your 401K's vanish in thin air that will be a different story.
I'll be long gone from the market soon, but The folks who believe in 'buy and hold' are the ones who will be in the most trouble, not the (good) traders wich come in 2 flavors short traders or speculators who transfer government wealth to the 1%, creating socialized debt for decades to come. and here is where yu come into the equation: your responsability to pay with higher taxes.