When the stock market started to revive from the depths of the March lows, the killjoys were ready. It can’t last -- just look at the state of the economy, they said. It’s going to crash again.
That message was repeated over and over even as the S&P 500 advanced more than 50% and added $10 trillion in value. Since surpassing its pre-Covid high last week, the index has notched records more than a half-dozen times.