Last week the four major U.S. market indices — the Dow Jones Industrial Average, the S&P 500 Index, the Nasdaq Composite Index and the Russell 2000 small-cap index — hit new highs on the same day. And on Wednesday of this week the S&P 500 notched another new high.
That was the first time the “quadrifecta” happened since Dec. 31, 1999. You might remember that the Dow peaked less than three weeks later and the nearly decade-long 1990s bull market ended with a bang, not a whimper.
Read Full Article »