444.
U.S. markets got off to a status quo start on Monday and as you're acutely aware, "status quo" means "record highs across the board."
See, that's how this works. "Record high" is the new "mean." The only alpha to be had comes from buying dips. You can't outperform benchmarks when the near-term, medium-term, and long-term targets for those benchmarks is just: "much, much higher."
Of course if history is any guide (which apparently it's not), the longer this goes on and the more stretched va
Of course, the market was propped up because a lot of wealthy people had a lot of investments and they were going to lose a lot of money in 08 when their shenanigans caught up with them… so the fed printed money for them to make their private losses public and they said thanks, but there’s no real value in those investments so I’ll sell into your printing spree so when you stop printing and this all tanks I’ll have better assets. Printing over and soon the bull that never was will evaporate and we’ll begin actual value discovery…. way down below.