Typically, this time of year, the musings is focused on a Christmas or Holiday theme. Instead of our usual movie or song relating to both the holidays and the markets, I'm going to weave a tangled web of characters into this posting's theme of excess and eccentricity as markets continue to post all-time-highs.
Valuations, indicators, and history would suggest that all things are not equal in the market and in the economy.
They say it only takes one generation to pass before history is forgotten...or, something like that.
Sometimes things seem different, and yet they are still the same.