Financials are retailers are leading right now.
When the market topped the last 2 times, financials and retailers started rolling over while fewer and fewer major stocks and a few late cycle sectors kept pushing the market higher.
Right now, the late cycle sectors such as energy, steel, and equipment haven't even come off the lows yet (OIH, X, CAT, etc.)
So I think this market has a long way to go before it runs out of gas.
We are already in the longest running period of 10-yr. yields under 2% in 50 years.
Cheap money floating around for that long combined with the Fed printing like mad usually creates giant stock market and real estate bubbles, we are not even close yet.
giant wont be no bubble......it will be only the half way pt of the mother of all bull mkts....40 k is easy to see because of the shrinking dows divisor which is a multiplier now........whats coming will frighten most to death.....a once in a lifetime move that few will make a dime on.