I don't think the market knows up from down. Looks like wishful think; perhaps the worst yet. Having said that I agree with your analysis. The euphoria can last for quite a while, but the underlying fundamentals remain terrible. The further this market climbs, the faster it will fall if (or better said when) sentiment changes.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.