### Comment:
That's really the point, though. Nothing has changed. The China deal is going to make exactly zero people happy other than that the obvious theater is at an end. Then you have earnings stalls and a Fed that WILL be raising rates going into the 2020 election.

### REPLY:
Nothing has changed any time arguably in your definition of changed in that case.... but the market goes up over time anyway. What’s changed is larger population larger economy and everything is constantly growing. 
  
 If nothing changes for 100 years other than population growth and companies raise their revenues selling to them, naturally market will rise. Even if the fed keeps raising rates

### END.