THIS IS STARTING TO LOOK DANGEROUS S&P 500 is now trading at the most OVERVALUED level in history. Even above the 2008 peak. Investors are paying more for future growth than they ever have before. Retail is buying at a record speed. AI optimism is everywhere. Everyone assumes the market will go higher every day. We have seen this movie before. Every bubble feels safest right before something breaks. One trigger can ruin it all: - One earnings shock - One credit event - One liquidity problem That can be enough. The market doesn't need a disaster. It only needs reality to disappoint the fantasy.(Rekt Fencer)