100% Agree. This rally was only caused by banks speculation with TARP and Fed funds. I would add that we need to see increases in corporate earnings by SUSTAINABLE increases in sales, and not just reductions in expenses. We are nowhere near to this.
you folks have a very high opinion of your own smarts. most of you have every reason to be very humble.
The economy is in worse shape today than it was just 18 months ago and nearly all bulls are screaming buy, buy, buy. Earnings look great because they have lowered the bar too much. I have no clue why anyone thinks this is a positive. The economy is headed deeper into a recession and some bulls are anticipating that stocks are still 50-100% undervalued.