[kabar]

I fear we’re looking at a vicious pump & dump about to happen. There is nothing rational to support the market, and with our government’s fiscal behavior, a real recovery is impossible.

Companies have pared down their debt and deadwood. The herd has been culled of bad companies so there could be a reason as to why the market is improving, especially if many stocks are undervalued based on their P/E.

[bert]

.....The herd has been culled of bad companies ....

Outside autos and financial, what companies have been culled. I ask because I do not know.