[10/22/17] Markets are never perfect.
Yet for the last eight-and-a-half years, they've been rather magnificent. The benchmark S&P 500 Index has jumped 19% over the past 12 months, 30% over the past three years and a whopping 93% since 2009.
The Nasdaq recently called this perpetual march to new highs the never-ending bull market. Fund managers have been milking it while the short-seller Jim Chanos admitted to CNBC last month that spotting overvalued stocks has been easy; it's making money on them that's become difficult.
If and when the bull market might end is anyone's guess. What's not in dispute is that stocks are trading near their highest...
Read moreComments are closed