Getting back to the business of the markets, I have my doubts on whether the exuberance witnessed in the endless waist lines or in the general consumption index of plastic figurines is a harbinger for another irrational trip down memory lane. However, the SPX finds itself once again within striking distance of the Meridian threshold (currently crayoned ~ 1441), that has in the past differentiated exuberance, both the irrational (96-00) and rational (03-07) variety – from everything else.