would be the go to answer among Dennison and his drooling minions.
Never mind that Dennison/Breitbart funder and world class psychopath Mercer is a much bigger- and daily- player in the HFT market that he runs from his yatch offshore.
So in the age of Dennison really could be anything, conspiracy wise. Take your pick.
Although a classic of a rising wedge in all the major indices with sharply thinning breadth in an historically overvalued market might provide an Occam's Razor explanation.
But you are correct in one sense. As the economy and market cool in the next half of the single Dennison term they will try to convince folks that it would have gone on forever and the Dow to a million if it wasn't for the communists.
Never hard to do with folks who were counting their chickens every night and pretty certain they were investing geniuses. Or if they re a white male they'd be on the fortune 500 list any day now.