Another opinion:

"And then there's the larger message from Washington: We are going to do whatever it takes to turn this economy around. We'll spend money, we'll cut taxes, we'll monkey with bond issuance, we'll cut interest rates, and if none of that works, we'll do it some more. Worries about what all this will mean a year or two from now -- that deficits will grow, or that inflation will be a threat -- do not interest us. We're going to bring the economy back and if you want to bet against us we will hang you out to dry.

"You've heard of don't fight the Fed," says Jim Bianco, head of Bianco Research. "This is don't fight the Fed on steroids."

D.A. Davidson trader Jim Volk says this is exactly what he's hearing from institutional clients. While they concede that they may be getting early, with the Fed set to cut rates again next Tuesday, with mortgage refinancing activity exploding higher on the long bond's demise and with the government preparing to send more stimulus down the pike, these investors are stepping in now. "Portfolio managers are afraid of missing the move," says Volk.

If one were a bear one could invent all kinds of ways that this could go badly. Valuations are still high, the government is overmanaging the economy and it will come to no good, etc. But for now on Wall Street, the thought seems to be that one shouldn't be a bear, and in any case the big worry these days is that you might not be on board for the rally, not that you might lose your shirt."

http://www.thestreet.com/markets/justinlahart/10003400.html

We'll see of course. Just in case, I'm looking at GRZZX as a spot to park some IRA funds.

Jim