Morning Thoughts

Morning Thoughts: New All Time Highs

The market continues to make record highs on a daily basis in 2018.  This morning the Nasdaq, Dow, and S&P500, after closing at new record highs, are set to open at even higher prices.  The buy the DIP environment since the lows in 2009 has morphed into buy the RIP.  Is this the euphoric stage of this bull market?  Or just acceptance that the Central Banks have opened the Pandora's box, and a decline in asset prices equates to a failure of their policies.

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