They do. One of the Najarians last night said OHare is maxed out..."business travelers" are back on the move becuase the economy is on track.
I am considering selling my shorts. One of my neighbors here in the DC works for a particular govt agency. When talking and I express my thoughts on this mess he says "You're right.....but the markets will not tank again. You don't understand. WE are not going to let it happen because a second time would be disasterous."
So I press..and give the extreme "what if people stop buying." He said it doesn't matter, equities will still be bought and the market will hold or go higher."
It all says to me...the govt will use printing press to by stocks through its partners, to keep the game afloat.
No way is O'Hare maxed out. Individual planes may seem that way to guys like Najarian who is still flying, but that's because ALL AIRLINES are trimming flight schedules to the bone - leaving flyers with fewer choices and planes that are actually more full. It does NOT mean that business travelers are 'on the move' and that will be borne out with the upcoming earnings reports.
What this all boils down to is the overly-optimistic crowd is playing the Greater Fools' Game once again. Some players realize it. Most don't. One thing is for certain, not everyone can leave the Greater Fool's Train at the same time once it starts heading in reverse.