When I graduated from college in 1973, the first job in New York City I could land was with a commodity consulting firm. My first love was the stock market but the 73-74 bear market was raging on Wall Street and firms were failing left and right. This was the beginning of the 70's commodity boom and I got a great OJT baptism as one commodity after another made parabolic rallies.
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We are going to live again. You will dance in the aisle at some concert whose performer I have never heard of, and you will cheer for your favorite team in person again.
There is a reason that there are just 30 Dividend Kings in the market.
Eager crowd buyers juxtaposed with actively selling insiders always raises a yellow flag.
All psychology data are now flashing caution signals.
What you have seen over several weeks is a market reacting to improved prospects for increased fiscal support reliant upon deficit spending.