1234 - 10/19/2017 19:32 How much of the run-up in the stock market is predicated on the idea that the anticipated big changes in the tax treatments will let investors keep more of their gains. That's to say, if investors wait and the tax code changes they stand to win big. As the consequence there is artificial pressure to keep the money where it is for the time being that will vanish if & when either the tax code changes or the investors give up waiting. The thing is, we all know that at this particular time, near the top of the market, there is more opportunity to make money selling stocks as buying stocks. At some point the speculators will start the stampede and run with it. And nobody in their right mind will want to get in front of it when the stampede starts.