Bull's Anniversary

(1) Raging bull. (2) New highs despite all the headline risk. (3) Billy Joel, Fred Astaire, Ginger Rogers, and the market. (4) Record high stock prices and earnings. (5) Corporate cash assets at record despite record buybacks and dividends. (6) Fed’s doves want much lower jobless rate. (7) Wealth effect or asset bubble? (8) Payroll gains push earned incomes to new highs. (9) Consumers recoup their net worth losses. (10) Will the bull market’s leaders continue to be so? (11) “Emperor” (+).