S&P 500 All-Time High Analysis

The S&P 500 just hit an all-time high and yes people are panicking about

it. Actually all-time highs are good news because markets are designed to rise

long-term. Markets have grown despite historic crashes because growth is the ultimate long-term

trend. Look at history. Fear was always highest near the bottom during the

worst crashes. But long-term investors who stayed the course always benefited from the eventual

recovery. If you are investing for a ten year horizon all-time highs are

perfectly normal. But if you need your money in six months then short-term volatility

matters most. The right question is not is it too high but what is