Right, and "monies and bonds will inflate away" is related to what I said re ZIRPs -- you can't expect a decent return by parking your money with the bank, either, as interest rates are low to nonexistent. The stock market's the only good option. This was no accident, it was an intentional policy move... And now, "the DOW's over 50,000!"

What's even more troubling is that there was once the pretense that valuations had something to do with fundamentals, but this has gone entirely out the window since about 2013.

So basically none of it makes any sense and you've just got to ride the tiger.