Doesn't matter whether you take the blue pill or the red pill. Either the easy money propels the economy on forever, or the system breaks and we're all screwed.

It seems inevitable that the second will happen, it's just a matter of when. To paraphrase economist Herbert Stein, if something can't go on forever, it won't.

Here's another analysis explaining the state of the cycle and what is likely to happen when it unwinds:

https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio

I understand Northman traders perspective, but the fact is, there is a flood of cash on the sideline and the smallest corrections are bought up. Those that liquidate are into timing the market and will miss the next bull run. As for me, I'm into dollar cost averaging. Dump savings into short term bonds (about 15-20% max of total portfolio) and inject 50% of that at every 10-12% correction.