Optimism on economy

The stock markets worldwide continue to move up. Yet, nothing much has changed in the fundamentals of economies. Not much of the toxic assets that hit the economies have been written off. Whatever, "improvement" has happened is fueled by liquidity pumped in by governments. Some sense of optimism has returned about the economy. Yet it is this very sense of optimism without any fundamental backing that scares me. Something will give up one day and all the optimism shall soon turn to pessimism.

Have been waiting for the financial markets to fall again like a pack of cards. The wait has become a bit too stretched but i am convinced that markets across the world are likely to see much lower levels than the current levels in the coming months.

I shall continue to wait...