Bloomberg: Best Stock Market Since 1997 Seen With S&P 500 Momentum
The broadest equity rally on record will pick up speed through year end and lift the Standard & Poor’s 500 Index to the biggest annual increase in 16 years, if history is any guide.
Shares have climbed in the final two months 82 percent of the time since 1928 when the benchmark gauge advanced at least 10 percent through October, data compiled by S&P and Bloomberg show. The mean November and December increase of 6 percent would boost the index to 1,862.79, an all-time high that is about 20 percent above the record 1,565.65 set in 2007.
Instead of selling shares to lock in profits during rallies, investors almost always add them in the final quarter, convinced that gains built up over the first 10 months will expand. The S&P 500’s return has been positive over November and December every year since the bull market started in 2009.
Rah rah rah...Jeremy Siegel.....Ed Yardeni....Bloomberg....CNBC....Every guest on CNBC....Stocks are cheap....No correction for 5 years.....The Fed has your back.....Earnings don't matter, QE does......Keep buying all dips.....
Do you recognize a pattern here? Yep, that's right....it's 1999 and 2007 all over again.