Pulled this from an email I received from realvision.com.  The below points are valid, however I do think we’ll reduce the Covid-19 influence sooner than later.  What you should read from this is simple – you better have a market exit strategy just in case the floor falls out.

1. Record speculation: There is record speculation auction activity, record volume on pink sheets, the most speculative stocks, and record household market participation…
2. Mutual funds have record low cash levels: Mutual funds are meant to be the big, stable, sensible buyer. The fact that they’re too long shows me there are no buffers in this market…
3. NYSE margins: NYSE margins are at an all-time high – stock market investors have more leverage than at any other point in history, making them extremely brittle in the event of a market shock…
4. Covid hasn’t gone anywhere: New variants have led to strict lockdowns in Europe, and that could well be in the mail for the US, too, crippling Main Street…