Blog readers may question this penchant for drama this morning, so allow me to offer a little perspective: stocks have rallied this year without a single correction that lasted four days. This sets a new record, according to the team at Bespoke Investment research. Similarly, only four other years since 1900 have seen a higher percentage of up days compared with this year: 1943, 1954, 1955 and 2007.
In other words, this has been a really good year. So much so that investors are questioning how long it can last, according to the American Association of Individual Investors. Bullish sentiment has fallen to 34 percent from 50 percent just one month ago.Read more »