GETTING HIGH AGAIN

After back to back 250 point up days on the DJIA, markets on the S&P 500 and Nasdaq closed at new highs last week. Technically, the Momentum studies bode well for more highs to follow near term - just about everyone agrees. Not saying a Correction is not possible.
Since WWII (or before) there has never been a decade without a Recession - and if we have one in the next four years (usually @ the Zero year of the Decile cycle) it should be a doozy, with the outstanding debt. Even Margin Debt rocketed to new highs at $537B due to low rates; when they go up ....
as the numbers below show, Breadth was positive last week - new highs, Advances over Declines, and MMF $ flows (money markets) reversed from Out to In bigtime - retail investors are IN.

Date		4/28/2017	4/21/2017
Indices:	DJIA	20940	20584
	NAZ	6047	5910
	SPX	2384	2352
WklyVolume (Bshs).	naz/ny….	9.4/4.8	8.1/4.1
Specul.Ratio hi=bullish		1.96	1.98
Sentiment:	put/call-CBOE	65	66
VIX>50-alltmlow=8.8		10.8	14.6
DeltaMSI-50%	MAC crossover	59.9	50.4
Advance/Dec-NYSE..		1901/1175	2055/1009
Weekly Net:		726	1046
Cumulative:		176800	176074
Weekly	NYSE hi/low…	544/71	295/61
New Hi's/Low's	Nasdaq h/l	561/138	239/144
McClellan	Oscillator	8	8
McClellanSum	.+750/-1000	620	488
Newsletter	Inv.Intel -Bull	54.7	51.9
Surveys-Tues	Bear:-5yrs	17.9	18.3
Wed.	AAII  -Bull	38.1	25.7
	Bear	31.7	37
US$-WSJ		99.0	99.8
3-box rev	Bullish%-	74	71
US equity -ICI	Fund Flows	WeekLate	(2.7B)
MMF flows	Change in $B	15.4B	(16.9B)
MargDebt- top (300M)	monthly	537B	MARCH
10-yr Tsy yield	hi= stock buying	2.3	2.2
2-yr Tsy Yield: Inflation		1.27	1.17
TIP (ETF)	Inflation	115.2	114.7