Today market surging on $ellen saying the pace and amount of rate hikes likely to be slower than expected. So much for being concerned about high valuations I guess. The market has very short term memory too. A year or two back rate cuts were bullish, then for the last year the spin became hikes are bullish because it means the economy must be doing well, and this morning no hikes are also bullish. So the economy is doing worse, buy buy?