By all rational measures, the U.S. stock market should have entered a deep decline by now. The spiraling gas prices have taken money out of consumers' hands, and there is every indication that it is just going to get worse as summer approaches.
Interestingly, investors in Shanghai, representing the country where many of America's crappy consumer goods are produced, have already seen the market crash. As this graph shows, the Shanghai Composit is down nearly 50% since October.
More reason to believe that this recent run up in American stocks is just a "dead cat bounce" and there will be a dramatic reversal in the near future.
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