Monday, December 1, 2014

Records Keep On Falling

The stock market has been doing so steadily well this year, that it's easy to lose track of the fact that the S&P 500 keeps setting record high after record high. With one month - 23 trading days - left to go in 2014, the S&P has already closed at a new record 47 different times this year.

In the past 87 years, there have been only four full years in which the S&P has set more than 47 record highs. The most recent one, and the all-time record holder, is 1995, when we saw 77 separate record highs.

Second place is 1964, with 62 records, which is probably out of reach. We have a better shot at reaching the mark set in 1928, when there were 59 record highs. And we should eclipse the fifth-highest mark of all time, 1929, which saw 48 new highs. We're only one trading day short of that.

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