From Washington's Blog:
There are at least 6 theories about why the stock market has rallied some 70% off its lows a year ago, even though nothing has been done to actually address the root causes of the financial crisis.
What The Dumb Money Believes
The dumb money believes what CNBC and their trusty stock churner ... er, broker ... says: that the government has fixed the economy but it just has to...
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More on the rally:
Why this rally can't be sustained
The market is sending a big warning signal
Sentiment expert: Bullishness is approaching "dangerously high levels"