The recent rally

I'm thinking that the recent rally has run its course. It's semi obvious from the way news anchors and websites have been advocating the rally as the real thing.

But the tipping point is the way everyone is critizing the US dollar and debt being worthless, etc now that economic recovery has begun to sink in. Even some of the fed governers are a bit spooked by the fall in long term bonds and have openly said that they should think about raising rates.

Most people now have decried that US debt is now worthless. US debt has its problems we all know, but this stupidity that people criticizes the hand that feeds them is almost more than I can bear.

Back a few months ago, when the financial crisis gripped everyone in fear, the US was the only one really doing enough to help the world with massive montetary stimulus. No one was criticizing them. Now when everything is begining to look fine and dandy, everyone wants to take potshots at the US monetary policy.