TRYING TO "RATIONALIZE" THE MARKETS WHILE THEY ARE IN THE MIDST OF A MANIC BUBBLE IS JUST NOT POSSIBLE...
THIS BUBBLE HAS TO TAKE IT'S COURSE...THE FED WILL OBVIOUSLY NOT DO OR SAY ANYTHING THAT "UPSETS" WALL STREET...
SO THE SKY IS THE LIMIT AS FAR AS WALL STREET AND THE FED ARE CONCERN...BUT THE MOON IS A LONG LONG WAY TO GO...AND THE FALL COULD BE HARD...
MUCH OF WHAT THIS BUBBLE IS TRYING TO HIDE IS THE STRUCTURALLY WEAK DOLLAR...AND THE COMING DOMINANCE OF CHINA...
PUT ANOTHER WAY...CHINA MUST BE SEEN AS "BUYING HIGH" INTO THE AMERICAN ECONOMY...JUST LIKE THE JAPANESE DID IN THE 1980's.... THERE IS LITTLE THAT CAN BE DONE ABOUT THE BUBBLE NOW... IT SIMPLY MUST GO ON TILL IT ENDS...THEN WE PICK UP THE PIECES...YET AGAIN...
