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Impeachment? Stocks don't care. All major indexes greeted Wednesday's historic news with a giant yawn and then promptly rallied, focusing on low interest rates and slow but steady economic growth. Stocks show little of the euphoria typical of major market tops. Stocks may be expensive, but they are not tulip bulbs - at least not yet. Stock investors remain sanguine but cautious. This is evident gauged by the amount of money they been removing from the market in 2019.
Stocks are where they are mainly due to two factors: