Karen Finerman said the rally had nothing to do with anything fundamentally happening in the economy or business. Rather, she said, it had to do with the fear of being left out. Specifically, she said people on the sidelines felt they had to jump in.

It’s true. With everybody jumping into the market, I feel like I am loosing the great opportunity!

He said strong fund flows and technicals are driving the markets higher, not fundamentals. He said the situation won’t turn around until the employment situation turns around and consumer spending picks up.

Let’s see how tomorrow will turn out.