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Massive rally on the heels of the stunning may jobs report 2. 5 million jobs added last month and the biggest increase ever and economists were looking for payrolls to drop by more than 8 million and major indices were 50 above their march 23rd lows and four s p 500 sectors were now positive for the year and the Consumer Discretionary hitting an alltime high guy, does this make sense . Amazing not to me, it doesnt, clearly. And ive been saying this now and it seems like the last 300 or so s p points and its been steadfast and hes been in that camp, as well. Just on the terms of a backdrop on a lot of Different Things it doesnt make sense, but if you strip out everything that weve seen, you start doing the math on this thing and you look at the s p 500 market cap over gdp, youre talking about levels that are nosebleed and nosebleed i mean 150 and a lot of that talk about it as the buffett indicator and it typically is unsustainable and if you start to do the math on the multiple and i u

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