Dow 20,000 here we come: It’s different this time

Watching the Dow Jones Industrial Average top 16,000, many investors are hoping this market is in a bubble (so they can shrewdly buy stocks at lower prices when it pops). But we have a long way to go for that.

Right now, the most important part of a bubble is missing — the mania. We need intoxicated investors, a buying frenzy, over the top speculation, and a get-rich-quick mentality. A bubble without a mania is like an ice cream sundae without a cherry. We can do better.

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End-of-day Market Overview

Thanks for your company. Have a great weekend all!

G.

And you - a tad cold here the last couple of days.