Making Do With Euphoria
With two months in the books, 2024's been generous to equity bulls.
Both big-cap US benchmarks were on track for 4% gains in February, and each is up handily for the year. I'd say it's been a frustrating experience for bears, but it really depends on what you mean by "bears." Nobody likes to be wrong, but... well, if you're still employed and you're still making five or six or seven or eight times the median national income, I'm not sure you're especially vexed that the S&P's well above you
Thanks for the updates and accompaning comments.
Live to fight another day, I’d tell the bears.
There is enough euphoria to justify a correction here, although I would not be surprised for any serious weakness to wait until seasonality hits in the Spring. When you look at years when the price target for most analysts sits well below the current spot price after the first couple of months of trading, the market tends to keep climbing, forcing the street to play catch up. We may be about to witness something similar.