As a long-term reference, below are charts depicting various stock market indices for the dates shown. All charts are depicted on a monthly basis using a LOG scale.
(click on charts to enlarge images)(charts courtesy of StockCharts.com)
The Dow Jones Industrial Average, from 1900 – June 30, 2017:

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The Dow Jones Transportation Average, from 1900 – June 30, 2017:

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The S&P500, from 1925 – June 30, 2017:

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The Nasdaq Composite, from 1978 – June 30, 2017:

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The Special Note summarizes my overall thoughts about our economic situation
SPX at 2423.41 as this post is written
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