How high is too high? You pot smokers out there know what I mean!  High can be fun, too high can be scary .  On August 11th it was: " 20 Million Tuesday, 28,000 Tuesday – Record Infections, Record Highs " and, speaking of infections, happy 6M America!  We had 5M on August 10th …  Anyway, August 3rd was " Monday Market Movement – Nasdaq 11,000 and Bust, Again? " and, 10% later, I was certainly wrong about that one.    AAPL was $425 on month ago, now it's split 4:1 and it's $129 so 4x that is $516, that's up 21.5% in 30 days for the World's biggest company so of course the AAPLDaq is up 10% but AAPL had help.  GOOGL has gone from $1,450 to $1,650 (13.7%), AMZN from $3,100 to $3,450 (11.2%), FB from $250 to $295 (18%) and, of course, TSLA has gone from a split-adjusted $300 to $500 (66%) over the past 30 days. This is NOT reality, this is a game.  When you are playing a game and the rules are not clear and they keep changing – your chance of winning becomes random or, if someone else is making the rules, then your chance of winning is pretty much zero and you might want to play a board game under those conditions but should you really be playing with your retirement account?   Please just THINK about what you are doing.  As I noted last week, there's very few stocks pulling up the whole market and, while some of these sky-high valuations may be justified, the weight of the thousands of others that are not begins to put a drag on the indexes at some point.  Think of each index Dollar added to the underperforming stocks as a weight the high-flyers need to carry with them to get to the next level.  At the rate the Government is spending and the Fed is printing – we do have a lot of lift – but it's not infinite and every day the markets move higher adds more weight that needs to be lifted to the next level.  Evenually, gravity will take its toll.     IN PROGRESS