us employment stats, page-5

Timber

I'd disagree. The market is frequently wrong. 2007 highs in the Dow rallying after the Bear hedge funds had gone belly up. Couldn't be a clearer case of ignoring the canary in the coal mine of sub prime. This rally is based on hot air at this point. Economy might catch up but I don't think we're at that point yet.

Markets reflect the marginal buyers and sellers. Not the majority. Players sit on their hands usually until extremes when they with join the party late or run contrary which is usually what the smart money is doing.

If you check the insider stats you'll see insider selling is at multi year highs just as retail "investors" pile in because stocks are now the place to be.