Here come those tears again .  An endless series of low-volume rallies is not enough to get you over a major level on the S&P 500 so, once again, we are being rejected at the 4,500 level.  On the surface, things look good with a projected $1.8Tn in earnings for the S&P 500 and that's up 28% from $1.4Tn in 2019 but our Government (money borrowed by you and I on their behalf) has spent over $10Tn so our Corporate Masters could make that extra $400Bn – which will be the ANNUAL interest on what we borrowed at 4% (which will be more profits for the banks). This is like playing Monopoly when the Banker is cheating – there's no way you can win….  Meanwhile, in 2019, the S&P 500 was topping out at 3,000 so 4,500 is 50% higher than we were, not 28%, which would be 3,750.  So, EVEN IF there were no stimulus and this were an honest 28% increase in earnings – we are still 20% too high at 4,500.  This is not sustainable – especially if the Government isn't going to throw in another few Trillion Dollars to keep things humming next year.       IN PROGRESS