Carnegie Market Blog

 

Pokemon and the New Bull Market

Posted by Brent Luce on Jul 20, 2016 3:58:00 PM

The New Bull Market?

As I type this, the major U.S. stock market indices, even if they are not perfect indicators like I alluded to above, are at all-time highs.  While all of the headlines are negative, the market has been able to power to new highs; this is typically a bullish sign.  Most bull markets top out after everyone is complacent and has bought into the idea of stocks going up to the moon – this is hardly the case right now.  In a related note, the Dow Jones Industrial Average closed at a new high all five days of last week.  This is the first time this has occurred in almost 20 years.   MORE: Stock Market's New High -- A Record About Nothing

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Topics: Bull Market, Market Cap Weighting, Pokemon

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