The headline numbers don't present the full story of what is going on with the equity markets.
It may just be a matter of time before the green chokes on the pestilence and the stock market stars don't even matter.
When the banking system is not healthy at its core, neither is the stock market regardless of its current price level.
I'm concerned about breadth, and if we start seeing 3 to 1 negative breadth then I'll be very concerned.
Make no mistake, we're at the beginning of the demise of the dollar, but we're still years away from a total collapse.
There were three simple investment conclusions from the Fed minutes.
Has the Fed created bubbles, or pockets better set up for success in this post modern world?
Markets are possibly fine until either growth or inflation force the Fed to change guidance on interest rates.
My view is that the period leading up to the November election holds a list of unique and potentially worrisome risks.
I continue to be concerned about the price action of the indices but I can't complain about the stock picking.