Clearly panic buying and huge bullish euphoria out there. As long as the Fed is accommodating for the bulls, the bulls would have the upper hand, no question about it. Unfortunately, that also makes a crash that much more likely to happen sometime ahead IMHO.
BTW, my hedge short is now 2/3 loaded with average at 35.5 (36.3+34.7).
JMHO.
"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis
"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin