Fundamentals Don't Matter, Stop Complaining

I cannot recall a more virulent period of Twitter-hate toward equity markets ripping higher, or toward anyone suggesting that the rise in stocks makes sense.  The persistent mantra is that i) earnings and the economy cannot explain stocks trading at current levels; ii) euphoria is sky-high; and iii) traders are oblivious to the clear-and-present dangers that will inevitably send us back into a 2008-2009 style panic.