There has been a great deal of pent up demand after covid is...

There has been a great deal of pent up demand after covid isolation. Will that demand continue? Probably through the year end. The stock market is forward looking. Even though prices on the Nasdaq and S+P are higher volume is not. I think a great deal of tax loss selliing will occur towards year end as the big players go to cash. the S+P is propped up by 10 or so large stocks that have a weighting of well over 60% of the index. Most of the small and mid caps have not done as well. If one of these large caps gets the flu, so to speak, we will see a correction. It's an unusual situation for sure. Many new investors have not seen a bear market. Munger has seen many, and so I would be cautious about betting the farm. Pull some money into cash and be prepared, the market doesn't have to go up in a straight line. If you are a long term investor it shouldn't matter, the market has always managed to go up. The story is not the same for individual stocks. Many go broke when expectations are not met in a bear market.