Reaching record stock market price levels is a cause for celebration. Repeatedly breaking new highs, especially in a relative short period, is headline-making news although the significance of such outcomes may be less clear. Some suggest that multiple market highs indicate investors have become too exuberant and a market correction is sure to follow. Stock market levels reflect many factors, importantly levels of and expectations for corporate earnings and interest rates. Trends for these factors could support current market levels and higher or provide a correction signal. A review of some recent highs and lows can provide perspective for investing yet ahead.