S&P 500 Hits Record High: Is This Market Ready for Another Round?

Pain is Temporary Record Highs are Forever!

They say you can't step into the same river twice. Well I say you can't blow up the same damn bridge twice either but sometimes you gotta do what you gotta do. The S&P 500 it's climbed its way back to a record high a victory pulled from the jaws of defeat. Twenty percent down? That ain't nothing. I've seen worse in a Tuesday. Remember hope is still alive.

Earnings Multiples and the Almighty Dollar

Last quarter's earnings? Better than expected. Projections for the coming year? Higher. It's like finding a stash of C 4 when you're fresh out. Sure the market's carrying a bit of weight but profits are rising and the Fed ain't tightening the screws. Dollar's down oil's down and those 10 year Treasury yields? Lower than a snake's belly. We're closer to a rate cut than a firefight in the jungle and I always welcome a chance for recovery.

Distrust: The Market's Best Friend

Back in February everyone loved the market. Now? Not so much. They're suspicious wary like a deer caught in headlights. But that's good! It means they ain't blinded by optimism. Remember 'to survive a war you gotta become war.' And to survive the market you gotta be skeptical.

Wall Street Strategists: Always Behind the Curve

Those Wall Street strategists? They were all sunshine and rainbows at the start of the year. Now? They're slashing targets like a Green Beret through the jungle. They're always playing catch up reacting instead of anticipating. 'They drew first blood not me.' And now the market's drawing first blood on their predictions.

Froth Bubbles and the Fast Money Circus

Sure there's some speculative madness going on. Retail traders stampeding into risky stocks meme stocks making a comeback. It's like watching a bunch of rookies try to defuse a bomb. But hey that's what makes a bull market right? 'Nothing is over!'... until it is.

The Wild Ride Continues

So here we are the S&P 500 at a record high but the ride ain't over. Trump's trade talks with Canada falling apart economic data mixed and the Fed playing hard to get. It's a mess but I've seen worse. We are the masters of our own destiny. But 'Live for nothing or die for something'.