Quote from krazykarl:
We'll likely go much higher. The move up has been on pithy volume - just wait until the cash on the sidelines comes back in.
What cash? Oh, from those who bought into buy-n-hope baloney and got burned in 2000-2002 then in 2008? Yeah, keep waiting for them to come back in. And waiting...
That cash on the sidelines has been there for a long time and will likely remain there...or in gold, treasuries or something else.