As of today the SPX and Dow have joined the Nasdaq and Russell in making a higher high.
I’ll say again that we probably aren’t done with the sideways consolidation just yet but there is no doubt the top callers got it wrong again. We are in a long term bull market. Don’t expect a final top until probably late 2020’s or 2030.
That being said: There will be 4 year cycle lows along the way, and even at least one recession. None of those will stop the bull market because none of those hurdles are going to stop technological advance anymore than the crash in 87, the recession in 1990, the Peso crisis in 94, or the Russian default in 98 stopped the personal computer or internet during the last secular bull.
10,000 is going to be a piece of cake. By 2030 I suspect 50,000 may not be out of the question.
