My General Assessment

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Bearish resolve among Slopers is snapping like dry tinder thrust against the knee of insanity. Readers are kneeling down at Mike V's feet to ask him just how high the market is going to go. Even steadily-bearish folks are bracing themselves for the S&P to reach its former lifetime high before turning back again. And the snark level is ready for an entry in the Guiness Book of World Records.

I will give that maybe – just maybe – the Russell 2000 might have 6% more of upside if Obama does God-knows-what-else to prop things up (selling off the national parks to the Chinese, perhaps?). But as I look after index chart after index chart, I'm ready to fall out of my chair with what is around the corner. Honest to God, all I can say is: you people be crazy! And that's all I've got to say about that.