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Equity markets have always climbed the wall of worry,

but never before has that wall seemed so steep and so littered with

shaky footholds as it does today. The list of things that could go wrong is seemingly

endless, but one by one they all seem to vanish with the onset of another news cycle

as market participants find a new problem to focus on. The disconnect between our seemingly

troubled times and the financial markets which stubbornly remain largely

impervious to all that ails them is both stark and confusing.

Will rising rates, contracting economies, booming debt levels and renegade tweets one day magically matter?

Or is this market just getting started as some observers believe?

...