The saying used to be that when the shoeshine boy started giving stock tips it was time to cash out...you guys bragging about your gains last year are signaling the same to me.
They will try and keep this up until the midterms but I think the market will correct itself when the smart money starts taking their gains. In the end we are increasing the supply of money for several reasons, one of them is to fund all the social programs that deflect the actual jobless rate. People that do business are not stupid. As an example, they are making machines to flip burgers right now in advance of any minimum wage increase. The USA job market is never coming back in a way that benefits workers...that's the secret that people with money and power already know. There will be 5-10% of people that own everything and a huge unskilled workforce in the USA - just like China. The overpopulation and speed of the global economy demands it, and it has been in the plans for a long time.
