We were speaking with one of our many advisors last week and the conversation turned to the fears that permeate the market these days. We are supposed to worry about the budget deficit, the trade deficit, global warming, financial instability, inflation, the social safety net and all sorts of general problems facing Americans and a similar set of concerns for most folks around the world. Yet, we made new recovery highs last week. There are lots of well-known pundits telling anyone who will listen that the market is either fully valued or overvalued. Yet, we made new recovery highs last week. Read more