Buffett's indicators can be dismissed when it no longer fits the bullish assumptions. We are in absurdly record breaking territory and the pendulum always reverses to the other extremes. How many market analysts actually declared the pandemic cause for a deep drop? In fact they all excused its affect in February 2020 even as we had a perfect model to use, that of 1917. Not a single economist today care what the world debt is. The velocity and depth of recent drops with equally strong rebounds puts this period in contrast to any other ever. Nearing a long deep winter and as we start the plunge not many will recognize it. 2021 is likely the top but can extent to 2022 as an outside probability. The NEW Norm?