Plenty of time to get back into the markets. Rather than tank,...

Plenty of time to get back into the markets. Rather than tank, looks like markets could trade sideways for a while. After the reaction to events ongoing, even with very extended valuations, markets climbing or flat where usually they would sell off. It signifies to me that euphoria is still alive . Interesting times. Maybe US deficit of $40 Trillion and rising might be the trigger . At some point , US deficit, even if FED can get long term rates down to say 3% , US is over extended. At 5 or 6%, just the outstanding debt must be a concern for those buying long bonds.