The amount of optimism in the air is just plain ridiculous. It looks like the DJI is heading higher and higher by the recent trend. The market is clearly on a tear. So what is important for this week?
Doesn’t matter, as long as the pump monkeys, Goldman Sachs and the politicians are all spewing the same garbage, it will take another solid kick to the nut of the economy to bring realism back. Sadly, I think that kick to the nut might not come until next earning season. That however doesn’t mean I think you should invest in stocks. They are overpriced! Tomorrow, I will write a good article explaining why I believe the market and the economy are over pumped.
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