Fib numbers say two more green days likely to make higher-highs on both S&P and Dow.

I don't know if it's the Fib number's but I had a hunch we were going to have a good run last week when the perliminary earning reports were coming out suprise upside.

My guess now? The bull market will continue until the irrational exuberance of the earnings reports is overtaken by the reality of how farked up everything still is.

Why were earnings up? People spent money on tangible items in the recent business cycle because they were worried that hyperinflation was just around the corner (I bought a 40 inch TV- I thought the same TV could cost more in the near future). Inflation still can show up or the Dollar can continue to loose value (or both simultaniously), but I have now changed my mind, I'm thinking now it's a deflationary cycle that's actually going to slow earnings and the market going forward (even though I still am enjoying the TV right now).

Either way enjoy the pop while it lasts.

In these difficult times I think gold and gold miners are good choices to preserve one's wealth.