The author (Bill Fleckenstein) is a bit of a Chicken Little for my tastes, but he may have some valid points. Ben Stein's article is kind of a cheerleader for the status quo and poo-poohs some potentially serious problems with the market over the near term.
Here perhaps, is a more balanced article suggesting that the markets may be sensing a downturn later this year due to tightening across-the-board credit...