Well, this is just getting beyond dumb. With the Dow, having gone up thousands of points in just over five weeks, and the VIX being crushed by over 50%, the world is once again awash in arrogant, devil-may-care bulls and a handful of humiliated, despondent bears. Even a vicious terrorist attack did nothing more than cause a brief, tiny dip in the ES before it roared higher.
In any event, the indexes are primely positioned for a pummelling. I offer these charts to the three or four surviving bears on the entire planet (besides myself) who might have an interest:
Of course, you may be of the opinion, like everyone else on the planet, that stocks are terrific bargains. After all, like the prior post described, you can get the seller of canned chilli and God-knows-what-is-in-it Spam for the low, low P/E of just 34. Go for it!