Of course, the reason the stock market has gone up & not stopped is because of the Federal Reserve saying they were going to print more money, another QE3 now.
So, the market may be overbought, but look at AAPL today. It's up 14 points, amazing! Guess we know where all the hedge fund money is going. AAPL has gone up exponentially in these past few weeks.
Earnings are over, so why no pullback? Because the big boys have all the money being handed to them, so it will go up, as the stock market is their playground!
Watch out soon. I do predict a viscious turndown to get the LATECOMERS monies'. Because, what would we do without greed??
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