http://www.321gold.com/editorials/groenewegen/groenewegen013015.pdf

"All major inicators are breaking down, deflation is taking hold and Wall Street is oblivious"

In my opinion, Mom and Pop investor have noticed. It's the professional money handlers who have not. By the volume indicatiors in the following chart, participation in Dow-listed stocks has fallen since the Financial Crisis to levels not seen since before the turn of the century. Meanwhile, stock valuation have gone stataspheric, and I think proportionally to the growth in derivatives markets.

http://finance.yahoo.com/echarts?s=^DJI+Interactive#{%22range%22%3A%22max%22%2C%22lineType%22%3A%22combo%22%2C%22scale%22%3A%22linear%22}

I don't know what lies ahead, but I remain convinced that the banksters would rather risk ruinous inflalion before they accept ruinous deflation (given the chance).