Hmm…

A poor Christmas retail season, unemployment at dangerous and unusual highs not seen in 26 years, a FED rate of 0.25% (effectively zero), government spending accelerating at alarming rates and the printing presses keep churning out dollars.

Even Bernanke [the jovial], warns that economic “headwinds” will restrain the pace of the U.S. recovery.

Yet the markets continue their weird bull rise since March, and crude oil keeps knocking at the $80 a barrel level.

Whatever is next?