Think about it. Bad news out, lots of shorts betting on head and shoulders formation, "Hindenburg", double dip, deflation, depression. I'm just curious how high the shorts will watch this climb before panic covering kicks in high gear. With a bull run, many of above fears fade quickly and seem ridiculous. We then start worrying about inflation. Market surges at first suggestion of fed of possible need to put brakes on recovery. People start scrambling to buy or refy homes as record low rates show signs of ending. The housing market starts showing dip in inventories. T bills fall off the cliff as money transfers desperately into stocks. Next thing you know, we are approaching new highs on Dow. Cramer loses his voice saying Buy, Buy, Buy. I am glad I'm long this market!