Oh "Bear," or "Bear" Where Art Thou?

Markets (Bulltarts) continue to celebrate today by closing at 2010 highs.  Now, let's go over all the positive aspects that were revealed today that propelled the markets to new highs.  First, the unemployment rate edged up to 9.8% from 9.6% in November.  Second,  "Debt Commission" voted down is own plan. (In other words, we are now back to square one in trying to get government spending under control.)  Third, the "Supplemental Nutrition Program (Food Stamps)" reported that the number of poor Americans has never been higher.  These food-stamp recipients just hit a fresh all time high of 42.9 million.  (Naturally, the market celebrates the record number of poor Americans by closing at 2010 highs.)  It is all very logical, isn't it?  Bad news, and the market goes to new highs.  That is what happens when the primary trend, as indicated by the EMA strategy, is bullish.  It doesn't make any difference on what the news is, the market wants to trend higher, not lower.  Once again, shame on me for forgetting that the trend is your friend. I definitely forgot to trade with the trend, not what I expected.  Saying that, this market will eventually face economic reality and crash.  I have no reservations in making such a statement.  I will have a market update later in the weekend.