More speculative mania stuff and momentum trading fueled by casino mantality hype and toooooo much liquidity. Plus we have the insider and institutional distribution to Joe-6 and his mutual funds as all the risk is passed off to the serfs again -- that may be what is really behind it all along, plus the desire and pressure on the FED to paint a rosy economic picture for the politicians.
Someone on another board said that Illinois and possibly several other state pension funds are talking of borrowing money to buy stocks. Just when you think that things can't get anymore screwed up and crazy, you hear something like that.
With Greenspan liquifying the planet, every company that has never earned a dime such as SIRI and LVLT has access to new mountains of money to burn. Even LU is borrowing again. We didn't learn a thing from the 90's bubble.
Richard W.