Another amazingly bullish day. New Dow record, 10 straight up days, S&P (a much more broad based index, the most used benchmark) within spittin’ distance of an all time high. And yet….

CNBC has the new Secretary of the Treasury, Jack Lew, saying nope, no market bubble here. Acknowledging the premise, in other words. Folks, we’ve been here before “There’s always going to be concern not to get to a point where we have the seeds of a future crisis,” Lew said. “The analysis I’ve seen doesn’t give me reason to be worried right now.

It never ends well….