equity bubble

with the DOW approaching 11000 points, a figure it was at just before the recession got hold of the world economies, one has to wonder what the hell is going on. The fed has gone down a different path to previous recessions and depressions, basically because previous attempts didnt work, but just because they have tried something new it doesnt mean it will work this time...i dont think it has. The entire economy is becoming over inflated again...commodity prices are rising to levels we saw pre recession, they are not there yet, but with rates at almost 0% at so much liquidity flowing into riskier assets...the only place it can go is equities and commodities. People say its all fine and dandy if these assets go back to pre recession highs but HANG on a minute.....its these inflated prices in the first place that got us into this disaster...now we are just heading straight back into the tornado, for what i think will be another catastrophe. BUT...this time, US unemployment it sky rocketing to over 11 % imo. Debt, not only at the consumer level, but fed and state level are at ridiculous highs...with this amount of debt...it has to be paid off, you cant put it aside and hope it goes away one day. the US dollar is falling to its long and slow death...while it may never loose its status as the world currency, if the right people gave it a shake for all its worth, you never know what could happen, china may take over the world. the fundamentals of the economy do not support asset prices, as debt and unemployment continue to rise, demand is simply not there. I know we have all had fun, and hopefully most of us have taken advantage of the sharp rise in equities and made a buck or two, claimed back some of the damage that was dished out in the big slide to march lows, but i just wonder how long this rally can last, and if at some time the economy, due to its high imbalances, reaches boiling point...could we see another black friday..several of them in a row