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What Does Magic Have To Do With Wall Street?

Wall StreetToday’s article is an opinion piece about the stock market and how, although it may be going fairly well now, soon it may be “too good to be true.” Here’s what they had to say, “There have been 48 new highs on the S&P 500 in 2014. The last time the S&P 500 had so many closing highs was in 1929. Does history repeat itself? On Dec. 5, the S&P 500 reached a record closing high of 2075.37, and its highest intraday level of 2079.47. To put that into perspective, on March 24th, 2000, the S&P reached a closing high of 1552.87 during the dot-com bubble before crashing by 50%. On October 9, 2007, the S&P had a record close of 1565.15, and then tanked a month later. ” To read more, CLICK HERE.