In compiling this morning’s links post, it was impossible to avoid noticing the gushing enthusiasm by some and the stern warnings by others about the all-time high for U.S. stocks that, by nearly all accounts, is right around the corner. Triggered by last week’s recapture of the important 14,000 level for the Dow Jones Industrial Average, this cover at Barron’s pretty much tells you everything you need to know.
So far this morning, Mr. Market is clearly not on board with the whole idea as U.S. stock futures are down by about a half percent, but, that probably won’t last very long. Mr. Bond Market is also keeping a close eye on the stock market and he could be an even more important factor in how things play out this year.