Gerry Sullivan

GM Leaving the Dow (Soon): Likely Replacements

Maybe Honeywell comes back. Or Eaton. Something industrial.
Google is too high priced, it would have 20 times the weight of Microsoft.
Financials were a mistake for the Dow going back to when American Express became the first financial to be included in 1982.
Citigroup might stay in.

What's Behind the Market's Rise?

This is a recurring theme, the Fed creates liquidity to address a major problem in the economy and that causes prices of other asset classes to rise. The "law of unintended consequences."

The excess liquidity of 2001-2003 which followed the Tech Bubble and 9/11 went into residential real estate.

I think this time it will be commodities, not stocks, that turns out to be the bubble, although the crash may come from a much higher level.