When the bull market is at its last leg, people will buy into the false safety stock like MCD. This will end pretty bad sometime in 2016. We will have a crash like 2008. The Nasdaq index will be cut in half.
The market has proved that even black swan event like Brexit can't dent the stock market a bit. We need something like alien invasion or big comet heading to Earth to make stock market lower.
At this moment, only non human event can sink the US stock market.
Fed short squeeze is the only play on Wall Street since 2008. I wonder what will happen when a real Black Event do to the stock market. I mean a real Black Swan not caused by human, not like Brexit.. But right now The Fed feel smart and very proud of themselves to keep market higher and higher without any fundamental achievements.