Slope of Hope Blog Posts

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What About Last Time?

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Lifetime highs are tricky beasts, because it’s difficult to assess just how much higher values will climb since, by definition, you are in uncharted territory. The psychology is obviously very positive, since all equity buyers are winners, and that tends to feed on itself. But I was curious if there was any portion of market history which resembled what has happened recently on the S&P 500: