Bulls to Bears - How Ya Like Me Now?

It looks like we have inflows coming into the stock market (eg. $2 billion last week into emerging markets). The retail investors are starting to venture in. It appears that this rally has legs and will continue to move higher. Fight it, and you will die.

Look, commercial real estate is still very weak and the job numbers are still very bad but that's about it. Everything else appears to be in the bottoming process (or close to bottoming). And I never think it's a good idea to bet against the government.

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Clowning Around With Mr. Roubini" only on Ranting-TV…