It’s hard to remember this because time flies, but we closed January on a down note with SPX at 4850. Twenty-nine days later we’re busting through the all-time highs and trading at 5100. Amazing. Everything is awesome. Stocks at all-time highs. Just about zero risk premium in any market. Volatility in the toilet. The cover of The Economist is asking how high stocks can go. There is a confusing disconnect with this magazine cover because the article itself is bearish, but still… That’s not a magazine cover you see at the lows! There is a famous investor you might have heard of whose first name is Warren. He says when ... (full story)