While stocks make a nearly vertical ascent, ignoring ongoing economic weakness, blemishes are appearing.
Shares drop after hours, after earnings and guidance from both high-flyers disappoint investors. The S&P nearly sets a new closing high.
Options trading was halted by a multi-hour breakdown. The delay prevented traders from gauging fear and hedging positions.
Enthusiasm for the Dow's record high looks dangerously frothy given the context of the move.
Last week's optimism fades as structural problems and trouble in Europe re-emerge, threatening a months-long downtrend.
The first negative GDP print since 2009 has confounded the bulls. And there is more pain coming.
When stocks go vertical as investors ignore technical, fundamental and economic evidence trouble is brewing.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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