The stock market continues on its rocky 2021 path. With prices yesterday gyrating in a wide range, giving hope for short term bull and bear alike. When the dust settles on this most recent 'correction'.. will we be seeing the recent record highs as a long term top? Or are we in the early innings of a multi-year bull market?
The NASDAQ hit yet another all time record high yesterday. As I've mused over the years, as the stock market embarked on a historic rally from 2009, what if the next recession triggered higher stocks prices not lower ones? Sure enough that is exactly what has happened. My reasoning was the next recession would see the FED act even more aggressively than in 2008.