Market Drivers, from Ralph Vince
A friend asked me, "What in your opinion is the thing or things that makes markets rise upwards the most?"
I think it's a pretty straightforward answer, and all three factors have shown high correlations, at least for the last 5,000 years, to the price of ownership of any private property:
Population x Change in man's upward progress x Available stores of wealth (the aggregate amount of money)
The value of equities expressed as a line with respect to time, ever increasing as the factors comprising it ever-increase, about which the value at the moment fluctuates relatively mildly about.