=========== Niceneasy; Like NasdaQQQ market makers, but dont want to buy nasdaq stocks, many are below 50 dma. Not all media are serial liars., many are. Agree with Art Cashin , not to cast dispersions on GOOG but when they took down that giant , the tek philistines fled. Polar bear or uptrend bull; wouldn't try to impose my read of fundamentals as a priority. So many have been selling tek; today does not ,a strong trend make in tek. Not arguing with market but the fact of the matter; many of William O Neill short charts are tek stocks[book] And many institutional investors read Investors Business Daily; which runs counter-Trend to most of media capitalist bashing..
Inflation remains a problem because Americans are adictted to consumption. The Government is spending record levels and consumers still like to spend large amounts of money financed by credit. The US economy is temporarily heating up, but fundametally it is at risk and it won't sustain itself.