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What is propping up the market currently is lots of short sellers convinced that things are going to fall apart always within the next 60 days - things are different this time, the US will never recover, bla, bla, bla. Joined by a bunch of scared idiot clients who accept 0.01% "return" on their savings to preserve their wealth (as the $ erodes). As the shorts get squeezed by respectable business results going forward, and bond buyers wake up, enterprise investors will get rewarded by higher stock prices (except for the financials - they are mired in the wake of corruption and legal proceedings for some time to come).

Big money is taking lots of enterprises private because of comparatively cheap prices of capital assets and returns, yet the short sellers are convinced that the DOW will fall to 5000. The bond buyers cannot see the plenty they are immersed in, as they stick their heads in the sands.

We live in an era of astonishing growth in real wealth. I defy anyone to try and prove that we do not. Lots of noise and pockets of hurt, but on the whole explosive upwelling in the standard of living of people worldwide.

Historically, and invariably, the third year of a presidential term yields 15-25% increase in stock market indices, as the executive branch gets all in. The shorts and bond buyers are spitting in the wind, and will have their faces torn off, thank you!

(except for the financials - they are mired in the wake of corruption and legal proceedings for some time to come).

That's why I'm shorting the financials for the short term. I rarely short any stocks for a long period.

With The House in Republican hands, the market will go up and money will start pouring back into financials where one should be long.

I don't believe in the Dow 5,000 to 7,000 theories.

Thank you.

I agree, which is why I am still long this market. Don't fight the Fed. If they are determined to pump up the market, then you might as well has some skin in the game.

Besides, parking all of my money in savings or CDs isn't going to pay for that $20 per loaf bread and $30 per gallon gasoline in our near future.