Over in the US the S&P 500 closed at a record high for a second straight day at 2,122.73.
It is anticipated that US interest rates will not by the Federal Reserve be hiked for some time yet after a drop in consumer confidence and industrial output.
This suggests that US GDP in the second quarter will continue to be slow, despite headline unemployment falling to a 7 year low.
Meanwhile, the tech-focussed NASDAQ also closed at a near-record 5048.3, which is essentially the same level as the 10 March 2000 peak of 5048.6.
And look what happened then...
OK, so the fundamentals may be somewhat stronger this time around (i.e. There are some).
Nevertheless those without a long term focus or with no strategy for "averaging" their entry price are potentially at risk of picking up pennies (or nickels) in front of the share markets steamroller.
Speaking of pennies, over in the Old Dart the "Footsie" sits just off its recent record highs of above 7,100, but valuations are somewhat stretched in the UK too.
It is certainly tough to find cheap assets during this period with rock bottom interest rates.
Another thumping auction clearance rate for Sydney of 85.5 per cent according to CoreLogic-RP Data with 590 of 690 reported auctions sold under the hammer this week.
I attended a fair few of them myself, and there is certainly some hot bidding going on.
The North Sydney and Hornsby sector of the Sydney market has been electric of late.
This week it was the leading regional market with 102 reported auctions and a stunning 94.1 per cent clearance rate.