I have to admit I'm at a loss here, both literally and figuratively. The market rockets higher in spite of lower earnings, higher inflation, lower consumer confidence, skyrocketing commodities and political problems. None of the traditional negative conditions for stocks have the slightest effect on the markets. So, clearly we're in a new era. Is the Shanghai index the new index of the world economy? Apparently, the world economy is doing very well and US stocks are being pulled higher in sympathy with that and by global managers adjusting their US allocation. If foreign markets are dictating gain/loss to the US markets, what relationships should I look at to gauge US equities? Is it just a matter of Shanghai up, buy US?