Markets Being "Lifted" Via Futures

Markets are defying terrible global and domestic macro news once again. Besides complacency one thing catches the eye: Futures trading seems to be the reason the markets made a big gappy move up recently. This is very disturbing and lies close to the heart of the reason Ron Paul wants to audit the Fed and then shut it. Let them enjoy it while they can. This is a very unsustainable action and situation and fundamentals are getting much worse and games like this always end in disaster. There is a big bubble in equities - especially in banks and some commodity names such as CLF. We have seen how the bubble in 2007 ended. Enjoy the ride.