The S&P hit all-time highs today.

If you follow the right people and you own software stocks today is just more of the same Shmoopy.

Today Microsoft and Oracle hit all-time shmoopiness. That’s as old school software as software can get.

The FANG stocks are very 2017.

Today it is Shopify, Twilio, Zendesk, Paypal, Mongo, Microsoft and Oracle. Because the post hoodie uniform of startups is $LULU…they have been dragged along in this software boom.

If you watch financial television or read any financial media you are not in the right frame of mind to enjoy this boom. I know that most investors are watching too much television because as the S&P is hitting all-time highs, sentiment is rather bearish.

Since 2009, economists, CNBC and the rest of financial media have been looking for Black Swans that would cause the next crisis…the dollar, debt, student loans, Fat Nixon, auto loans, interest rates etc…The Black Swan this time was software eating the world – mobile, internet enabled, networked, open source and now decentralized. This Black Swan has been hungry and relentless. This Black Swan was not an ‘event’ nor a financial crisis, but a long boom.

There is a lot that can go wrong for sure, but there is a lot that will continue to go right because the machines can’t be turned off and software is still going to eat.

PS – as gun stocks have flatlined the last 5 years, the heavily shorted Taser (ticker symbol $AAXN) closed at all-time highs today. Software and electricity might just be the future of guns and bullets not just cars, computers and smartphones.