I struggle with being too bearish. But I am right every once and a while.... which really is all it takes to self reinforce the idea. I feel something is off is all. Companies and what make to what they are valued i just don't see as realistic right now. If you run a M+A value on almost any company in the market for instance and you had all the money in the world you would not get a good deal right now. I also think that's why WB/BH is sitting on 130+billion in cash and getting killed by inflation, they would rather take that hit than accept the risk of a bad investment.