Well respected technical analyst Louise Yamada was on Fast Money last evening and sounds quite bullish, and says the path poses the potential for an assault on the 2007 S&P 500 peaks. Also that the Fed has fueled a "hot air balloon" – a nice description. Some comments about oil and gold area also in the piece.
5 minute video, starts about 30 seconds in – email readers will need to come to site to view:
Any securities mentioned on this page are not held by the author in his personal portfolio.