http://kunstler.com/blog/2009/08/financial-crisis-called-off.html
James Kunstler has accurately distilled the current view. It matches other sentiment measures. Wild bullishness is everywhere on Wall Street, if not Main Street.
Wall Street is in for a rude awakening, PDQ.
Just another note: as of 9:20 A.M. Central time, the indexes are up about .65%, but $VIX is up almost 1.6% (not surprising given Friday's charts, take a look back), and maybe forming a double bottom with it's low of last Monday. Once $VIX starts rising in earnest, the rally is toast. I suspect we're close to that.
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