As Memorial Weekend drew to a close, the three key stock market benchmarks in the United States were headed upward – the first time this year that they’ve all been positive at the same time – and the S&P 500 closed above 1,900 for a new record. The bull market that began back in 2009 continues – a fact that perplexes pundits who recently predicted a variety of ills, including higher inflation and a slowdown in the housing sector. While good market news has failed to generate euphoric responses, history suggests that a more measured reaction is in the best interest of investors large and small.
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