You know how that goes though, they defy logic bet eventually they will come back to reality. The problem is you never know how long they will defy logic.
If it hits 16 or even high 15's I'm going short. September is usually the worst month for stocks, and the home builders are way overvalued.
That being said, I think it is possible the stock market rallies this November even thought that too defies logic. King Bush & co will do everything in their power to spark a rally and I won't best against them.