S&P 500 Is 10 Points From All-time High - Breakout Could Spark FOMO Buying

One Option Trading Blog https://ift.tt/2vJ9d5I Posted 9:30 AM ET - The S&P 500 and NASDAQ 100 indices are on the verge of making new all-time highs. The news is light and momentum will float stocks higher. If the market breaks out we could see FOMO (fear of missing out) from latecomers. Almost 80% of the companies that have reported earnings have exceeded estimates. If this holds it is the highest level since 1994. Profits are on pace to grow more than 20% and the guidance has been excellent. At a forward P/E of 16, the market is reasonably priced. Domestic economic growth is strong and inflation …