It seems everybody, including The Wall Street Journal, is pitching a tent in the “too far, too fast” camp – the belief the stock market rally is premature, overdone in light of the economic conditions and unprecedented.  But ignore the chatter.  Although plausible, the arguments are profoundly false.

It seems everybody, including The Wall Street Journal, is pitching a tent in the “too far, too fast” camp – the belief the stock market rally is premature, overdone in light of the economic conditions and unprecedented. At least three separate stories from yesterday’s paper posited such a theory.