7 troubling signs of the stock market
The futility of naysaying the stock market is well-documented over the last several years. Maybe the stock market is “overvalued” according to someone’s pet metric, but a crash never seems to transpire. Maybe political crises create the risk of chaos in Europe or Asia, but the global economy soldiers on without a hitch. Regardless of investor trepidation, the S&P 500 index SPX, -0.41% keeps setting new records. In fact, Wall Street has recorded its longest streak of record closes in two decades. So why worry? After all, the economy looks good. Consumer confidence is up against the highest level in 16 years , and the headline unemployment rate is back to pre-recession lows. It’s logical that the stock market would rally strongly on this data. Of course, markets simply don’t go up forever. I’m not saying a crash is around the corner. But as the old saying goes, if you look around the poker table and can’t f...