Bear markets pale in comparison to bull markets, both in market movement and duration. A good reminder for every long-term investor

"No one has ever been a success betting against America since 1776 — and they're not going to be a success in the future doing it, either." – Warren Buffett

The Nasdaq Composite just crossed above 25,000 for the first time. A year ago it was at 18,000. 5 years ago it was at 14,000. 10 years ago it was at 4,800

The trailing 12-month P/E ratio for SPX of 28.1 is above the 5-year average (24.7) and above the 10-year average (23.3)

Recession probabilities are diverging