TheStreet.com

Kass: There’s No Simple Road Ahead

Global economic and corporate profit conditions have likely peaked, inflation will be sticky, taxes are rising, valuations are inflated and optimism reigns supreme. During the month of August, the market made a record 12 intraday all-time highs. There have only been two other times in history that there were 11 intraday highs in a month – in August, 1987 (prior to the large market selloff two months later) and at the top of the Bull Market at the end of the Roaring Twenties in 1929.

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