How Far Can the Rally Run?

With the Dow cracking 21,000 this morning, just over a month after breaking 20,000—and with other indices setting records as well—there are a few questions we need to ask:

  • First, how long can the rally last? Is the market bound to come back down as fast as it went up, or can it keep going?
  • And second, how high can it go? Even if the rally continues, it will presumably hit a limit at some point. Do we have any idea when that would be?

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