Now that the exchanges have gone public they will have to create good tradeable ranges, I think this summer will be good trading. The reason is they have lofty estimates to meet.
Any facts to add to your opinion? I recall eonomists saying the same thing in 1999 about the new world economy, old rules don't apply, etc. You comments about never going down seem to be adding to the striking resemblence of that crash...
If tomorrow's CPIs are only SLIGHTLY hinting at a possibility of a rate cut by mid summer we could see another nice rally.