The charts above tell an interesting story about the slow but steady recovery we’ve witnessed since March 2009, one still lacking the serious indicators of impending Armageddon so prevalent in the previous crash.
“Show of hands please: Who really gives a shit if the S&P 500 just hit another all-time high? (Hmm….three, eh? And all of them journalists.)
And what does the news of a new “market high” really mean to you as investors and high growth business owners?”
It’s long been the media’s modus operandi to make noisy meals of market index highs, each an opportunity to soothsay an ineffable future and, more often than not, call it a precipice that we’re all about to fall off.
The consensus view is that the sky is falling down….so for me it feels like there’s still a long bit to go!