Exuberance

(1) Within shouting distance of 1665. (2) A short history of the bull’s P/E. (3) Taking Greece out of the P/E. (4) Probability-weighted math yields 1695 target for S&P 500. (5) Weighing the odds of a melt-up followed by a meltdown. (6) If stock prices soar, Fed will have to do something. (7) Phase out QE or raise margin requirements? (8) Throwing a wet towel on the bull. (9) Will someone please hit the pause button? (10) Good news out of Germany and China bolster outlook for slow, but steady global growth. (11) Copper starting to shine again?