The Dow hit 10,000 this week, then stumbled, then regained its footing, then stumbled again. Despite their overbought conditions and high valuation metrics, the major U.S. indices are being supported by the Fed policy of super-easy money and the consequent carry trade in the U.S. dollar. The carry trade is causing continued downward pressure on the dollar and a commensurate rise in commodities and in other assets such as the stock market. Enjoy the ride for now and consider selling overvalued companies at what we consider to be more than fair prices. It is easy money, after all.