Thinking About A Melt-Up

(1) Worrying more about less to worry about. (2) Deep in the heart of Texas. (3) Smaller stocks with higher P/Es beating the bigger ones with lower valuations. (4) Three months til Yellen replaces Bernanke. (5) Record liquidity and margin debt. (6) A market for momentum players. (7) An impressionistic picture of stock prices that may continue to go vertical. (8) How will we recognize irrational exuberance? (9) Yellen will have lots to talk about at her first press conference on March 19. (10) Labor force dropouts continue to push jobless rate lower.