Either this market is truly bullish or there is a lot of money being spent to force even more participants to embrace bullishness. No difference, stocks are breaking out, the VIX is in the low teens, so let the long side rip and buy a little cheap protection. I wonder if it is only in the US that slow GDP growth and slowing earnings growth are heralded with cries of things will get better! Nah! All governments must play the same game. But isn’t it getting long in the tooth already ?
It is indeed ironic that Detroit is close to filing for banckruptcy, while F and GM appear to be doing fine.