Here’s Why the Record Levels in the S&P 500 Are Justified

Don't scoff at the constant record highs in the S&P 500 - there's a reason for the market madness. 'In a vacuum, you could make the argument that there are warning signs,' said David Nelson, chief strategist at Belpointe Asset Management, based in Greenwich, Conn. 'In the real world, where interest rates play a factor and stocks compared to a lot of other asset classes are just a better buy.' He said if there's a bubble brewing, it's in the bond market because institutional investors seem to be willing to invest lots of capital in sovereign bonds with negative rates of return or zero rates of return. On Friday, the S&P 500 reached a fresh record high at 2,175. Nelson also comments on what to expect from Apple's (AAPL) - Get Report earnings this week. TheStreet's Scott Gamm reports from Wall Street.