Last week the Dow was up 3.8 percent, its best performance since December 2011, and at its Friday close, the S&P 500 was just 99 points from its all time high. Gluskin Sheff's David Rosenberg thinks markets are "getting ahead of themselves".
"Investor confidence reached such heights, in fact, that the VIX index plunged 39% to 13.8. One has to wonder if, in fact, this is more a story of complacency right now rather than merely confidence. But the stock market’s ability to climb the most recent wall of worry and do so in the face of sharply higher (to a five- month high and more attractive) Treasury yields and a rapid strengthening in the U