Unfadeable

Day after day it reappears
Night after night my heartbeat shows the fear
Ghosts appear and fade away
Come back another day
--Men at Work

The S&P 500 (SPX) closed the holiday-shortened week north of 4000--an all time high. Strength of bids underneath many individuals names is as firm as I can remember.

The contrarian in me says fade this tape. But then I'm reminded of the ocean of newly minted cash that is raising prices higher.