"The path of least resistance in the short term seems to be for stocks to go higher, but to do so sustainably we need to see much stronger economic growth and positive earnings growth," said Wiegand, adding that he is surprised by the absence of volatility and range-bound markets. – Fox Business

The path of least resistance is up.

Until it's down.

And we told you so. Remember this DB article from early April, HERE:  "Stock Market Last Gasp: Could Equities Jump Up Hard?"

Today, we seem to be at the terminal stage for the world's economy. And yet there could be a market surprise to the upside. It's happened before when the majority of "sophisticated" investors don't expect it.

We analyze elite propaganda. Sometimes we can smell the "directed history."

Now even the hardiest stock market drummers are having trouble beating the drum of equity optimism.

HERE, from CNBC, a report on a new Goldman Sachs analysis:

Goldman Sachs downgrades equities to 'underweight' over three months … Global equities are at the upper end of their "fat and flat range," according to Goldman Sachs, who downgraded stocks to "underweight" on Monday as part of its 3-month asset allocation.  The bank remains "neutral" on equities over a 12-month period and continues its "overweight" position in cash.

This Goldman report surely scratches only the surface of the real difficulties.

The US, for instance, is some $200 trillion in debt when formal and informal promises are taken into account.

The derivatives markets is apparently well over one thousand trillion dollars and eternally balanced on the knife-edge of insolvency from what we can tell.

Germany's largest bank, Deutsche Bank, is also on the edge of insolvency, as is the Italian banking system.