Why Today's Market Euphoria?

 Let me count the ways.  First, the House passed the "Clean Debt Ceiling" bill.  What?  If this bill is approved by the Senate, the U.S. will be able to spend as much as it wants until March 15, 2015.  Yes, we will no longer have a debt ceiling.  Our national debt is currently north of $17 trillion.  That figure can now grow exponentially over the next year.  So much for any fiscal conservatives in Congress.  Second, Janet Yellen proclaimed that the easy money policies of her predecessor, Ben Benanke, will continue.  And, there you have the two reasons (fiat money and more fiat money) for today's euphoria.  From the above chart, you can clearly see that the "euphoria" does not end well!