[adios]

"I have not seen Wall Street so bullish since the last time the bubble burst."

I tend to agree but before I'd act on my perception of market sentiment I'd want to look at quantitative measures of market sentiment since they're more or less objective. Are there any quantitative measures that are leading you to this conclusion?

"The federal government is spending money as if it was growing on trees on programs that don't produce much benefit (we can talk about that stuff on other topics forum)."

Perhaps we should.

"What scares me is the dollar continuing to lose value while we are still importing more than exporting. Anyone have any insights."

Low short term interest rates and the budget deficit's contribution to the current accounts deficit IMO are hurting the US $ the most. As stated previously I'm no expert on currencies though. In the minutes from the Fed's latest FOMC meeting they stated they didn't see a big pick up in employment in 2004 more or less. So yes there are economic risks out there as always.