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Late bids carry US inventory markets to a contemporary document excessive — 10x from the monetary disaster

The dip was bought again.

The S&P 500 is trading up 28 points, or 0.4%, to 6660, which is a new record high and also 10x from the financial crisis low. I have clear memories of that time and it’s amazing that the market has climbed ten fold since then.

There isn’t much standing in the way of the rally now with the bulls really showing strength this month despite some concerns about the economy and the Fed.

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