There is one constant in this market since 2009. Going on four years straight, we’ve been grinding higher, with only 2 real declines. If you are still waiting for a repeat of the 2008 crisis, you are not qualified to manage money for yourself or anyone else for that matter. It’s reckless to believe we’re heading down in any significant way, in the midst of a $600 billion+ injection of Federal Bucks into the market.

Housing starts broke out last month, eclipsing estimates by 15%– the highest levels since 2008 (872,000). Anecdotally, from my vantage point, real estate prices are on the rise in the tri-state area. When housing comes back with its full potential, unemployment statistics will shrink faster A-rod’s confidence in playoff baseball.

Romney mentioned coal about a dozen times last night. He’s a coal man, just like me. After booking a 30% gain in ANR for the second time in a month, I now prefer a larger company, with indirect exposure to coal: CLF. JOY looks good too.

We never really needed the economy to come back in order to have a bull market. We have Bernanke for that. But imagine if we had a real recovery, led by housing, coupled with Ben’s printing press?! WTF, say hello to Dow 20,000.