I didn't realize the Fed was buying equities. Keep believing that and you'll keep making that mistake that has continually been made since 6800. It's an absurd philosophy. The economy is not weak. It's expanding and has for the last 1.5 years or so.
I've continually heard that Fed nonsense from 6800 to where we are today. This market was and still is undervalued.
The sooner many of you here take a step back, reassess, and realize that you have been looking at the picture upside down, the better you'll be off. STOP VIEWING THIS AS A BULL MARKET. We've only recaptured lost ground. We will go to 14K without question! This is the very same mistake the Bears on here and the rest of the world have made, and it has cost them huge money. I've been screaming this for a long while and only mxdave and BullMarket seems to get it.
I'm not being rude, but many of you need to step back, reassess your mentality on this issue, and change direction forthwith. It's not rocket science. It's starring you directly in the eyes.
One more bit of opinion... If inflation does not rear it's head within the next year or so, (which it most likely will) and the economy continues to expand, you better dump your gold longs cause it's going to plummet.