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Bull market? What bull market? There's trouble buried in the numbers and you don't have to dig deep to find it. Start with the trading volume. Then look at the next wave of option-ARM resets that's about to hit housing. Next up, take a peak at the unemployment claims which are still in "Oh fudge!" territory. When done there, take a gander at corporate earnings and the P/E ratios on these "bull market" stocks.
People buy because stocks are going up, not because the values are fair. (Sounds like the bubble mania is still there, eh?) And people buy because sloppy journalism/business writing/market cheerleading misleads them with fuzzy numbers.
There's another word for fuzzy number fed bubble mania. That word is bait. And you know what bait is for? Traps. Bear traps. And a bear trap is what this market is. I hope the people jumping in time their exit correctly, because when the leaves fall, the markets will go do likewise. There is no there, there.
