Perma-bulls better open their eyes, I don't see how they can deny the stock market has been fueled by fed buying, stock buybacks and short covering. Not a fundamental bone left in its body.
This market is not going down, the Fed basically said they are going to run hot and you watch the pigs run back to the trough. My guess ATH's before summer and craziness highs by end of year. The risk is gone now but the shorts are not, look out above.