Below is a chart as of the 25th from bostonwealth.net.  It shows that over 90% of stocks on the NYSE are trading above their 200 day moving average -  a level not seen since around 1986.  My father used to tell a story (probably one of his tall “tails”) about puppies who drank so much buttermilk that when one fell off the porch – it burst.  How much more can these puppies be pumped?