I think the biggest problem we Americans are facing when trying to determine if this stock rally is short or long term is that we tend to think of our economy as “the economy”. Our unemployment might be bad and europes might suck but somewhere there are people producing things that are coming over here by the freighter load and being sold. That is why stocks can and are going up, because these companies are mostly international companies doing all this business. I too think the market is in a bubble, but if the fed can pull this off it might prove me wrong. My thoughts are just to try to control what I have control over, mainly refi into the lowest 15 year mortgage that has ever existed in the last 100 years,still waiting.
