Its not crazy bullish at all. We are at the bullish end of the Presidential cycle and Democrats would want a high stock market or lose confidence from corporate America this means a more business friendly environment leading into 2024. The second point one expects the markets will only rise 10% from here at maximum. As January goes so does the year and annual rate of return for stocks is 12%. So simple mathematics suggests we are 20% away from hitting 9k. I think it will happen and perhaps sooner than most expect. So many great businesses are still on sale.
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