Same feeling here. The market almost rebound from May downturn and push even higher. It has been speculated that Fed pump billions of $ into the market for political reason during summer. I think this make sense. Economy will definitely slow down, whether it is recession or crash still hard to say. It is not surprised that Fed will pump more if it smells something terrible happen, but no one knows. It is a fight between wise investors and government power. But fed is not superpower anymore, it needs to take care so much problems at one time, inflation, $ depreciation, or housing crash. Any careless move will lead to unbearable result for US, a country that stretched so much during the past 5 years.   

I remember LZ have posted one about funds in bear market. I need to dig it out and do some analysis. Thanks for sharing your ideas, it is really good. And you definitely take good attitude for investment. I should do some hard work as well on investment, but just feel lazy sometime. Anyway, I agree with you, but just need to be watchful on the invisible hand- the monster Fed!