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Even Stock Optimists Are Growing Nervous About Rally

  • S&P 500 rises for fourth day, has gained 39% in 50 days
  • Reasons why stocks continue to rise is getting stranger: Tchir
Cyclists pass in front of buildings on the Lower Manhattan skyline.
Cyclists pass in front of buildings on the Lower Manhattan skyline.Photographer: Michael Nagle/Bloomberg
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The most vocal optimists are getting skeptical of the never-ending stock rally.

What once seemed sensible is starting to baffle even them. The S&P 500 is up 39% in 50 days and in the midst of its longest winning streak since February. A flattening virus curve, Federal Reserve stimulus and reopening plans explain a lot of it, they say. But with $7 trillion in value created and the Nasdaq 100 near a record, many big bulls are sounding distinctly...bearish.