SOS More to go?

Is the overvaluation of DJIA sustainable?

Even with the following problem:

1. unemployment at 9,7%
2. housing still in a shamble
3. commercial properties joining the game
4. derivatives problems not resolved

The DJIA has went up almost 80% from March 2009 to April 2010, how much more can it go?

Well, from a big picture perspective, it definitely looks like a bear market to me, factually, it is a given, however, until the emotional bullishness run out of steam, be very very cautious.

MyView

Sell in May and go away is the best suited for 2010. The risk is definitely much higher than the reward. Even if we leave the fundamental facts aside, Elliote wave charts indicates the stocks are toppish now.