Just as a statistical matter, busts always occur after booms. Why don’t these geniuses tell us when it’ll happen? I’ll sell short!
I have always told everyone, if they would just blow a horn when the market hits a top or a bottom, it would be much easier for everyone.
The main reason for the market advance is that the US elected a GOP house which controls spending. The House is much more pro-business and anti-tax. The market started going up before the Nov elections when the polls showed the Dems would lose control. Markets will continue up unless war breaks out in the Middle East with Israel. That is the main wildcard.