From The Gold Report:

Lest you think the rallying stock market serves as a leading indicator that good times will soon roll again, along comes Rick Rule to rain on your parade.

"The greatest bull market in history, beginning in 1982," he says, has trained people "to believe things will do well and get better"-training he considers lethal-and conditioned them to "buy the dips." Furthermore, he adds, "The amount of liquidity being injected into the system is truly spectacular... A lot of the stock market rally has been liquidity-driven."

Interestingly, he notes, that liquidity is short term; while banks are still avoiding long loans that they can't resell to the federal government, Rick sees plenty of short-term money, lots of margin, ample lending to hedge funds, capital markets firms and individual investors.

He considers the markets...

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National resource guru Rick Rule lost and made fortunes following this one rule