The Russell 2000 bubble is growing all the time. It is up on bad news up on good news and up on no news. It is straight up despite declining earnings and revenue. I think this bubble could increase another 8 to 12 percent before the bust. It is up 34 percent since the November low and buyers are still piling in even at these ridiculous lofty prices and valuations. All bubbles bust at some point. We do not know exactly when but this bubble will surely bust in the not too distant future.
The rally from the November lows appears to be a blow off top and it is far advanced now. Anyone buying now better be hedged!