The S&P 500 is nearing 2,600 and the Dow is over 23,300. In fact, US stocks have only been more expensive two times since 1881.

The last two times the market reached such a high valuation were just before the Great Depression in 1929 and the tech bubble in 1999-2000.

Some of the blame for high valuation goes to the so-called “FANG” stocks (Facebook, Amazon, Netflix and Google), whose average P/E is now around 130.

But there’s something different about today’s bull market…

Simply put, everything is going up at once.

 

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A Powerful Perspective You’ve Never Heard Before

Most people think they know me.
They don’t.

I am not what most people think I am.
I am not the paper in your wallet, or the coins that jingle in your purse.
I am not quietly sitting in your bank account, hoping to be used one day.
You cannot see me, feel me or touch me.

I am an idea.
I am energy.
I’m neither good nor evil.
I am only what you decide that I am, and I fulfill the role that you create for me.

 

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