i'm with you on this. not sure how the chinese markets will fare if they continue to let air out of their housing bubble.
commodity prices, specifically wheat, were driving the arab spring, and i don't see that changing any time soon.
but rallies feed off of themselves. stocks tend to go up from fear, too. traders chasing the tape, not wanting to be left out.
one thing that makes me think we'll see lower prices in 2012 is the bond market is still holding strong. no significant sell off there.
when have we ever seen an equity rally where bonds rallied, too?
Market Data 
Markets 
