I would counter that a bit by saying this market runup isn't nearly as much
about irrational exuberance (like, say, the dot-com 90's or the real estate 00's) as it is about businesses hitting sales targets and making money.
When bull markets make no economic sense, they are destined for a likely painful correction. But when bull markets are happening simply because business is good, odds are the market will keep climbing until the next recession hits.
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In response to this post by TabbHokie)
Posted: 01/16/2018 at 10:26PM