Agreed. Last week when the market was going down a bit, TVIX was also going down. That told me, the market was going to pop. Now, market is going up and TVIX is stable. Hopefully, there will be a VERY healthy pullback because I sure ain't selling at the low.
My credentials - I am not an expert. I have been trading for about 10 years and read everything I can get my hands on. So, what I say here is just one theory reflecting many "experts". And I am not trying to profess I am an expert on anything...but one thing I know, the market just doesn't keep going up...it just doesn't.
When I say 1970, I mean short term. Everything I read says ultimately S&P 1500 or a bit below. But not till after the election. Feds won't let THAT happen before a presidential election. Won't get better until fall of 2018.