Alternatively, Greenspan gets to prove whether he is a man or a mouse at the Fed March 21 soiree. In HH testimony, Greenspan seemed to clearly desire a slowdown in consumption and the stock market that is driving it. If he is serious about slowing the speculation, he'll pop for 50 basis points. We aren't about to make that bet yet, but without some stern action and commentary from the fearless monetary leader, the NAZ is on a 5K trajectory plain and simple. The rest of the market is another matter entirely.
Tech seems the last bastion for the bull.
We're just going to have to see how much longer and how much higher tech stocks can go. Don't count on it.