One Term Rallying??

There is very little meaningful news driving the stock market up today. Europe is fairly quiet regarding its proposals to deal with the sovereign debt crisis. Earnings are not prominent. So why is the market rallying? Hmmm.

Did someone say "one term rally"? Yes, someone did and the more that someone thinks about it, that someone thinks it could be rather huge. Corporate profitability has more than held up, it's at record levels. Corporate financial soundness is at record levels as debt as a percentage of anything - equity, assets, cash flow - is ad low as it's been in decades. The only thing that is missing is growth. If we get a reversal of the damaging policies inflicted on us by the Lightworker, there will be growth opportunities for American businesses. Put together profitability, financial soundness, and growth and it could be off to the races.

Think I'm crazy? Hell, I'm just predicting a stock market rally. No less than Victor Davis Hanson is predicting a bloody Renaissance!