### Comment:
At 3.8% unemployment and a Shiller p/e of 30+, and rising interest rates, does it really make sense to you that things will just keep improving? I mean as soon as the unemployment trend turns, we’re fucked. Now I’m all for playing around with buying calls to make back some of my foregone profits, but it’s crazy to think this isn’t close to the end.

### REPLY:
I think you're looking at it wrong. 
  
 The unemployment trend isn't leading the market up or down, it's the opposite. Why would unemployment spike if companies are doing great? 
  
 When the economy begins to slow, margins get squeezed, and profit growth stagnate, we will see a dip. These things lead to unemployment, people spend less, companies hurt, down trend begins and intensifies, governments step in to stimulate growth, cycle continues.

### END.