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What I do have confidence is that today's market is largely being priced off cash flow and earnings.

P.S.

you don't seriously believe this do you?

we've had many instances in the past 20 years where the above was very clearly and obviously totally false...i mean, just 2 months ago you had businesses 70% of what they were today, some less than that, and the tweaks shifted over a few weeks...

...course, our kids are all doomed. All the WW2 guys are dead, our dumb generation took over, and the mindless idiots in the next are coming...

gotta listen to the Who...
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