(Harvest) Looks like CNBC wants you to know the S&P 500 just hit a new all time high. Time to break out the Dow 30,000 hats and pics of Leo playing the Wolf of Wall Street. But why is this really news anymore. We closed at a record high 62 times in 2017, and the bull market turns 3,453 days old on Wednesday, which would make it the longest on record by most definitions, according to CNBC. Maybe because we hadn’t been up in this range since January of this year, before the big sell off and VIX spike . It has been a whopping 207 days between highs, a rarity over those 3,400+ days of up market.
Why there’s Trillions in Hedge Funds with Stocks at All Time Highs
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