Market bears unacceptable risk, bond market crash possible

The market continues to set records weekly with the Dow now over 15,000 points. Interestingly, the fervor among the investing public we have witnessed the last 40 years when the market hits new highs simply does not exist. To the investing public this new Dow Jones Industrial's record is no big deal. Since the last time the market exceeded 14,000, with inflation, the market would need to be around 17,000 for purchasing power to remain even with its “last record.”