Why This Isn’t The 2003-2007 Rally $$

2003-2007 rally:

  • had volume to accompany it
  • wasn’t accompanied by massive banking losses which are presently hidden
  • U.S. deficit wasn’t so large
  • FED was not out of bullets
  • was not preceded by the bear market trifecta…real estate, stocks and commodities
  • was on the front end of the worldwide economic growth curve, so that the U.S. could export inflation

I’d love to hear why this IS like the 2003-2007 rally. Anyone?