Subject: Re: S&P 500 closes above 5,000 for the first time
I was celebrating the S&P 500 reaching 5,000 for the first time ever, and offering words of encouragement to people who kept investing through the two recent bear markets. Pardon me for the celebration.

There were to statements, one direct, one implied.

Direct : Recent market returns have been terrific - yup; pretty hard to argue with that.

Indirect : Future market returns will also be terrific - hmm; that is much more debatable - and probably a more important question to answer.

tecmo
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