Here is more Peak Ponzi kind of talk: "Gains that have lifted the Standard & Poor’s 500 Index above its
five-day moving average for 29 consecutive days, a display of momentum
unmatched in history, will last into the new year, according to Tom Lee,
the managing partner of Fundstrat Global Advisors LLC. Jonathan Golub,
the chief U.S. market strategist at RBC Capital Markets LLC, says
earnings growth is too strong for rising valuations to derail the
advance."
Bull markets don't end with bad news. The stocks turn down and then the bad news shows up later on. In other words, the con men insiders have a chance to slip quietly out the back door with billions while leaving an empty husk for Mark and Patsy to try to cash in on when the thinly traded markets begin to actually go down.
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