As the stock market races to uncharted territory, ‘irrationally bullish’ investors are getting nervous


Where is this dazzling bull market headed in the coming days and weeks?

That is the trillion-dollar question some nervous strategists, analysts and traders are wrestling with, following a relatively brisk rally for equities to kick off 2020.

So far, major indexes have checked all the boxes for the bulls. The Dow Jones Industrial Average DJIA, +0.17%  traversed a milestone at 29,000, the S&P 500 index SPX, +0.39% followed with its own landmark turn above 3,300 and the Nasdaq Composite Index COMP, +0.34% is rallying like it is 1999. And that’s all within the first 11 trading days of 2020, in which the Nasdaq (and the S&P 500) have closed at all-time highs more than half the time.

To read more:

Leave a Reply