That's just non-sense and purely stupid. Not only the context is totally different... cause back then the GDP was the true gas of that rallye... as today everyone knows that we will never be able to match such growth nowadays...
Plus, the first chart highlights the fact that, related to GDP, we are actually pricing the S&P today just like we did in the top of the 2000 bullmarket, not the beginning of it ! So instead of giving a sign of support this chart actually shows more bear probabilities !
And if this arguments doesn't convince you, then simply have a look at the durable goods order, the most reliable hard data to forecast ...
Do you see any kind of reliable following of the recent parabolic uptrend ? I don't !
So the real question is what drives the market ? Well this is a complex answer... But the only thing I can tell is that every person that argue this bull market is similar to 1995 is just non-sense !
Just to set things straight... I'm not saying I want to short the market tomorrow.. I just say that this theory that says the market is at the beginning of a massive move.. well .. not likely to me ! and most likely reaching the endpoint soon.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators