U.S. Stock Market is witnessing record highs for S&P 500 and Nasdaq Composite. Some investors have raised apprehensions that rapid uptick in stock prices is similar to that of 1990s dot com bubble.
Bleakley Financial Group chief investment officer Peter Boockvar pointed to another troubling signal in the market: the S&P 500 recently reached a record high even as 5 per cent of its constituent stocks simultaneously dropped to 52-week lows.
