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