I'll start the week out. Here's an interesting article on one of the key high fliers that I follow.

http://www.zerohedge.com/news/2013-09-28/great-tesla-rotation-institutions-retail-bag-holders

Now it's a bullish ABCD with that last ABCD in the BC leg. But, it's over, who cares now.

Potbelly up 120% or so today. The next high flyer has been launched. It will probably be over 1,000 soon.

I think this market is the most undervalued it has been in history. Earnings are at record highs, and the sky is the limit. I heard another call yesterday for Dow 30,000. Armstrong is at 32,000. Margin debt, at all time new record highs, can go to much, much higher highs. The market is the second most overvalued in history by one metric (using four valuation approaches), more so than 1929 or 1987. But, so what? It's quite a bit from the high from 2000, so it has a ways to go. And who is to say it can't get way higher than that?

Things are very good in the economy, it's really starting to gain traction. Housing is taking off (so what if it's 60% cash bids compared to historic I think at 12%, almost all bought by hedge funds and such for rental properties and rents are starting to slide and they have been selling like crazy, but not until after 'securitizing' and selling that to pension funds and such). Bottom line, this market has a long ways to go. In fact, I see no reason why it should stop at Dow 32,000. I think it would still be a bit undervalued at that price. Just watch any market show on TV or ask any analyst, they'll explain it all to you.

At least the ES made back all that shake out drop there, and is close to a new high for the move. It should get that right after it reopens.

A must read.

http://theautomaticearth.com/Finance/your-pension-is-under-attack-from-all-sides-heres-10.html