I've made quite a few comments over the last few years about the desperate actions that have been implemented by various central banks including the US (also the US Treasury too). There have been questions and concerns raised for a little while now about whether the Fed is running out of bullets and if it is, what does than mean.
The realities of the above have not changed much since 2008 and are unlikely to change much for a couple of years longer at a minimum. This circles back to a few things I've been writing about that I believe to still be relevant. There is no question that US equities have done well far more often than not since the March 2009 low. It seems like a logical conclusion that much of this is attributable to the Fed however the fundamentals of the US still favors owning select foreign markets.
Another point to reiterate is avoidance. Europe and the US are working through generational events of which I contend they are not finished yet. Anyone agreeing or believing that much of the lift in the US has come from the Fed might want to avoid or underweight the thing being propped or or going through a once in a lifetime (hopefully) calamitous event.
Much of what we have seen here has been in great condition. The roads seem to be very wide with zero potholes and very little traffic anywhere. A Facebook friend cautioned that we avoid Keystone which is the town near Mount Rushmore. We drove through it actually, after we saw the Mount Rushmore lighting and when we did it was empty but it looked like I imagine Branson, MO looks like (never been there). You're driving along with very little in the way of houses or commerce and then bam, Keystone with many hotels and a lot of lights. I'm glad we saw it but glad we could drive through with (literally) no traffic.
The final picture is also from Deadwood and hopefully captures the old brick buildings and the extent to which the hills do shoot straight up.