1. “This is a ‘seller’s strike’—stocks may look expensive but large holders see the market at near/new highs and decide to hold off any sales,” .... “There is an old trader’s saying—‘Never short a new high.’ Selling a position as a large money manager is like shorting it.”
2. "...what’s holding up U.S. equity prices?...The short answer is that existing companies are repurchasing their shares and decreasing the amount of supply in the market, thus driving up prices,”
marketwatch.com/story/why-us-stocks-are-near-highs-even-as-fund-investors-flee-2015-04-29?dist=beforebell
