New All Time Highs + More Robot Angst

The Market Melt-up continues – not sure that I can add anything new to the subject, except that I am very happy not to be short anything in this environment:

• MarketWatch – Intraday records for U.S. stocks as retail earnings top lowered expectations
• Business Insider – US stocks are at all-time highs
• Zerohedge – Nasdaq Now More Overbought Than At 2000 Bubble Peak
• CNBC –  Goldman Sachs: Investors are at ‘maximum optimism’ and have a letdown coming

Even Greek Bonds are rallying.  I mean come on! Greek Bonds!

• ZeroHedge – Greek Bonds Rally On Revived Bailout Hopes

Not sure I can see any positives from this article – very scary for the next generation:

• Business Insider – This company’s productivity soared after replacing 90% of employees with robots

But maybe it is not all bad:

• Bloomberg –  One Job the Robots Can Have: Cleaning Nuclear Waste

Extra – will car loans lead to the next financial crisis?

• Bloomberg –  The Next Financial Crisis Might Be in Your Driveway