link to a very all-encompassing article: 18 reasons why we'll pull back from current levels
buoyed by a series of good news amongst the bad...people are diligently ignoring the fact that unemployment is still rife, bad loans still have yet to be repaid, huge organisations are going bankrupt, and housing sales are still dire.
consumer confidence cycle of death:
increasing stock prices boost wealth, boosting consumer confidence. government releases increased consumer confidence index, further boosting stock prices, and the cycle continues.
S&P is still soaring, after the consumer index was released...its due for a correction any time soon.
might be time to start selling...
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