Break Out The Bubbly: Lots Of New Record Highs

The S&P 500 and Dow Jones Industrial Average closed at records today. Leading the charge were technology stocks. Bank stocks also performed well. At the beginning of September, we wrote: "We are hard pressed to find what could possibly go wrong in September. So perhaps, the path of least resistance will continue to drive stock prices higher."

We wrote the same at the start of October. So far, so good. However, be warned: Israel may be on the verge of attacking Iran. That could certainly unsettle the stock market and create another buying opportunity.