I asked my Vice President at Pacific Park Financial if he thought that anything might wobble the stock market. Rob said, "Extra-terrestrials could invade the planet. That MIGHT send the Dow down 0.4% for a few hours in the middle of the day."
"I disagree," I counter-punched. "If outer space beings visit Earth, they will share secrets on how to travel faster than the speed of light in exchange for shares of Amazon (NASDAQ:AMZN)."
"They'll want bitcoin," Rob said matter-of-factly. "Crypto currencies are very rare outside our solar system."
Good humor notwithstanding, the Dow has set more than 40 record highs in 2017. The story is very similar for the S&P 500 and the Nasdaq. Clearly, stocks have maintained strong buying demand ever since the November election.
Prior to the November election, however, the cessation of Federal Reserve balance sheet expansion coupled with extremely high...
Read more: What Will Eventually Wobble The Stock Market? - Seeking Alpha