History shows that Keynesian economic policies are akin to a drug fix. Eventually and inevitably the crash will come. Obama and his economic “advisers” are just hoping the big crash doesn’t occur until 2017.
China housing/construction bubble bursting is the biggest threat on my “black swan” radar.
First, adjust the numbers for inflation. Then tell me is the stock market is up.
As of now, there’s really no other place for investors to park their money.
Worry Level 10 = we know the stock market is rigged to screw the little guy and benefit our corporate overlords.