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[DonBart]

One of my favorite bloggers is Steven Vita at Alchemy of Trading. This weekend he had some choice words for the perma-bear crowd... "Meanwhile, there's only one thing you can say to congenital bears as the broad market in the U.S. put in a new all-time high -- The Market Went Up. They're Wrong. End Of Story. Who cares what they think anyway? I don't care, and the upside in life for those people is so limited it's ridiculous. Where we go from here is uncertain as always, but I like new highs because the detritus of disgruntled holders who bought at higher prices and want to get out "even" is not a factor. Sure, that didn't stop the market from crashing 20 years ago this month, but I'm not going to worry about that today, and the allusions to 1987 are so wrong in so many ways that I don't want to waste the pixels and bandwidth in cataloguing them.."