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SPX - Sucking in the Bulls

Short
TVC:SPX   S&P 500
It's important to keep in mind that when the market gets to extremes, like it is now (25x PE ratio, 27x Schiller PE ratio, 2x Price to sales ratio, 125% of total GDP,) it's easy to throw up your hands an join them. However, it's important to keep in mind that interest rates are increasing globally. That is very enticing for a money manager. Also, most sectors have performed incredibly well over the last 2 weeks. Do you lock in gains at high valuations, or let it ride? I think money managers would rather lock in gains and sell than to possibly have the air deflated from prices as Trumps policies gain more clarity, or more importantly, reality.
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