I am completely amazed at the completely different ends of the spectrum people are on right now. People are either extremely bullish, saying how we're about to enter into a huge run up over the next couple of years, or we're going to enter into a mild recession at best.

And each side has evidence to support their claims. I also find it pretty funny that the bulls are saying that we still have alot to go up because they're so many bears out there, and the bears are saying we're due for a correction because they're so many bulls out there. But disregarding the fact that even though inflation has slowed down, we're still above the range the Fed is comfortable with, we still haven't seen a botton in housing that some people have already called, we have an inverted yield curve, corporate profits are at all time highs, P/E ratios are at historical highs, and more and more conditions are beginning to looks similar to the economy of 2000.... disregarding all these things, when everyone thinks they can make money in the stock market, that's when you know we're in for some trouble.

We've got some PPI data and housing data coming out at 8:30 AM. So far this month, the data that is being released has proven to be strong, although a closer look at some of those numbers, and one can see that they're not exactly being measured the same way. My question is how much longer can this hold up for? At some point, something will have to give.