With wave (3) already longer than wave (1), Wave (5) can be longer than wave(3). With SPX hitting and closing above an all time high, it is expected continue wave (5) progression to 2,870 before October 2016 when seasonal volatility is the highest.
I find it hard to fathom myself. But bears have been talking of a crash for the last two years. I can see all the bears getting slaughtered. The market can remain irrational longer than we can stay solvent. Time will tell.
I know what you mean, so good answer to my previous post, but where is the good news, really I am asking you because I can't find any, is there any that you know of? Is everyone expecting earnings to beat street on every release from every company?