For anyone who claims that the current bull market is a Federal Reserve induced binge based on manipulated interest rates, this market still needs to exceed the bull markets that followed the declines of 1835 & 1852, bringing the Dow Jones Industrial Average above the 24,768.
This market has a way to go in order to exceed bull markets that occurred when there was no Federal Reserve Bank. The next stop for the Dow Jones Industrial Average, to beat the bull market that began in 1842 and culminated in a gain of +236% by 1852, is 21,673.
We could easily see new highs in the stock market, however, it ain’t because of the Fed. More here.