MarketWatch

This chart says we’re partying like it’s 1999

In total we hold 39% of the money in stock funds, and another 26% in “target-date funds” that, depending on your age, allocate smaller or larger amounts to the stock market as well. Most of that is in the U.S. stock market and most of it in the large-company stocks in the S&P 500 (SPY) So arguably nothing matters as much for the retirement prospects of tens of millions of workers than the current level of the S&P 500, and its likely future returns. Before anyone gets complacent, and dismisses talk of a stock market bubble, take a look at this killer chart, which comes courtesy of money managers GMO in Boston.

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