It is almost as if the stock market itself has been imprisoned on the Satellite of Love for the past eight years. No matter what bad economic or market related movie is set before investors, stocks have shown the relentless ability to laugh it off while continuing to travel deeper into the universe of new all-time highs. And while risks continue to accumulate as each new bad geopolitical, economic and market data related movie increases the potential that stocks may finally go insane and capitulate to the downside, the fact remains that stocks continue to effortlessly riff to the upside in the meantime. All of this leads to an important worthwhile question – can we reasonably expect the economic and market “mysteries” that continue to confound both investors and central bankers alike to eventually propel the S&P 500 Index higher to 3000 and beyond? And if so, when?
Please click on the link to read more on Seeking Alpha