U.S. Money Supply Has Done Something So Rare That It Hasn't Occurred Since the Great Depression -- and a Mammoth Move in Stocks May Follow
As you may have noticed, the bulls are in firm control on Wall Street. The ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and innovation-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) all recently notched fresh record-closing highs.
But it hasn't always been this way. In each of the first four years of this decade, the Dow Jones, S 500, and Nasdaq Composite traded off bear and bull markets in successive years.
Though all three indexes have risen over long periods, forecasting short-term directional moves is something that investors can't do with any guaranteed accuracy. Nevertheless, it doesn't stop investors from trying to guess what the immediate future holds for stocks.
Source Fool.com