And the unemployment situation is going to get worse - even using bogus Fed numbers. The problem is that the market is not trading on fundamentals (or technicals) at the moment, but at some point in the future fundamentals will rule again.
For now, though, I do not think the rally is over and suspect AG will continue to drive us higher before turning to the downside. Notice that even today the A/D and A/D volume were positive both for the NYSE and the NAZ and the other internals showed no signs of a serious downturn.