In the first nine months of this year, the S&P 500 has run up 18% -- that’s about two percent per month. Other key stock indices have provided similar returns. At this pace, by the end of 2013, the S&P 500 will be up 24% for the year.
As my doubts about the performance of key stock indices continue to mount, some in the mainstream are saying the market will only go higher.
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