PS:
@jobob85 started this thread kindly in honor of a similar thread that I started on OP.com. And, the first post in that thread was that the purpose of the thread was simple.... to discuss the market and try to make some money. I specifically requested that general debate not related to making your account go higher go in other threads. That, of course, didn't always work but it did seem to keep the theme somewhat to the market. I suppose this thread isn't getting a lot of play so it doesn't matter, but it would be nice if there was a thread just about making money in the market not all politico-economic debates.
And BTW, this market is the type that makes you go...."Wow, I AM good at this! I just need to keep this up and I can be a trader and quit my job!"
"Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." ~ John Templeton
That said, IMHO we are not (barring something unforeseen) nearing collapse but are in the early stages of a bull. I'd say skepticism. As always, I reserve the right to change my mind if new data appears.
"One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction and it never comes. The market just keeps climbing and climbing. It feeds on itself in frenzied fashion and propels prices considerably higher for six months or so, and sometimes longer." ~ Martin Zweig