Dow Cracking 21,000 – How Far Can The Rally Run?

With the Dow cracking 21,000 this morning, just over a month after breaking 20,000—and with other indices setting records as well—there are a few questions we need to ask: First, how long can the rally last? Is the market bound to come back down as fast as it went up, or can it keep going? And second, how high can it go? Even if the rally continues, it will presumably hit a limit at some point. Do we have any idea when that would be? This could go on for a while . . . Given the market’s strong performance…