Epic bubble? What epic bubble?

[Reminder: Saying that low interest rates "justify" extreme stock market valuations is like saying that poking your eye with a stick "justifies" smashing your thumb with a hammer] https://twitter.com/BloombergAsia/status/1346491457448914944

My Nov comment discusses Grantham's views, and my own, with considerations such as uniformity vs divergence of market internals (which are useful to navigate shorter segments of the market cycle, even amid deranged monetary policies). Helped nicely in 2020 https://www.hussmanfunds.com/comment/mc201116/

Grantham: "As prices move further away from trend, at accelerating speed and with growing speculative fervor, of course my confidence as a market historian increases that this is indeed the late stage of a bubble. A bubble that is beginning to look like a real humdinger."