Below is a simple graph with a simple point. It is the top portion of the chart of IWM, the Russell 2000 ETF. As you can see, it is presently as high as it was at the very peak – – the lifetime high – – of the market. I've also tinted the giant spike you see in green to note that it is not a data error, but the bullish equivalent of a "flash crash" that happened on September 19, 2008.
This chart shows that, as far as small caps are concerned, it's like the financial crisis never even happened. Astonishing.
