The Federal reserve bank is buying the US debt giving other institutions the ability to buy stocks. This may have been done in a smaller different way in 1986. I just do not see how this market can crash. It should under the current policy, inflate.
Hey fstout57 ... remember Priceline at 19.05 in 2004 ??? Priceline reached 1,074.89 this month.
Speaking of 2004 ... GOOG's Initial Public Offering in August, 2004 fetched $85 per share. Most talking heads said, "Too Much !!"
No one would have guessed GOOG would reach over 1,000 a share in 7 short years.
More clarity on your "futuristic opinion" please. Better yet ... Get Lost ! !
the market looks more overextended then ever. but with low volume, they need to dump the shares onto someone, but the volume is not there,market is expending p/e ratios, but for many growth companies they don't even have any E, so the reality is the market is trading somewhere north of 25 P/E now not tkaen in account S@P, but the whole market