DOW 10000

I guess its a forgone conclusion - when was the last time you heard the word valuation mentioned, you have the talking heads talking about the strong technicals...how bout - we have not been this overbought since 1932.
HOVNP should be trading about 8.5 bucks in this environment but "smart guys" like me are long it so it cant rally...only shit can rally, AIG (AIG is rallying b/c the governemt realized they might not ever be able to pay them back so they are considering reducing the interest rate on the preferred??????), C, FNM, FRE. Bank lending is contracting at an alarming rate, we are going to have a nuclear Iran, we have an ENORMOUS deficit, we have companies treating the stock marlet like an ATM machine, and people (or maybe computer algos) can only think to buy the market.....I feel a little incoherent right about now.

JB