It's late, so I'm not going to throw out a bunch of smart stuff. But, just a couple quick comments on looming dangers.
1) Greenspan's foot is to the floor, and so is Congress's. If there's a negative shock for some reason - any reason - there's nothing else they can do.
2) This housing bubble is of serious concern. If long term interest rates go up for any reason, we could see an epidemic of foreclosures and potentially bank crashes. eek.
