Why I'm still in the market: S&P 500, Nasdaq Notch Highest Closings on Record

S&P 500, Nasdaq Notch Highest Closings on Record

Bull Market Apogee Predicted - 2,863

Bank of America sees end of bull market coming in 2018

Excerpt:

Here's how it will happen:

• Bank of America Merrill Lynch predicts "capitulation" for the bull market in 2018, with the S&P 500 peaking at 2,863.
• Strategist Michael Hartnett said the firm is prepared to "downgrade risk aggressively" once it sees the triggers in place.
• A shift from passive to active in investor allocations would be one of the signs that the rally is about over.

Comment: Sounds plausible. 2,863 is 10% above today's level. Chart top is from the data below.

Milestone	Date Achieved
1,614	5/3/13
1,707	8/1/13
1,805	11/22/13
1,901	5/23/14
2,000	8/26/14
2,100	2/17/15
2,203	11/22/16
2,308	2/9/17
2,402	5/15/17
2,500	9/15/17
2,594	11/22/17
2,863	8/15/18 (??)

Everything went right for stock markets in 2017—can that continue? https://t.co/W8oJxxe96U via @WSJ

— James Peet (@jrpeet) December 29, 2017

2018 #GoldmanSachs #SP500 https://t.co/4NS5PJtBim pic.twitter.com/WJ4PLy9P8y

— James Peet (@jrpeet) January 7, 2018