It does not get much better than today. Stocks are now well into the fifth year of what has been one of the longest bull markets in history. And they continue to make a charge toward fresh new highs seemingly with each passing day. Although economic and corporate fundamentals have not been meaningfully supportive of sustainably rising stock prices for more than two years, the ongoing support of stimulus from the U.S. Federal Reserve have kept stocks on a steady upward trajectory. Stocks are an image of beauty, and it seems as though the fun is never going to end. Except it always does, and the longer the festival rolls on, the longer and more daunting the clean up process will be for investors in the aftermath.
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