That's the headline of a New York Times editorial that appeared in Saturday's paper. In this editorial the NYT tells us that in last week's rally ".. investors have been especially heedless of dangers lurking in the economy. Last weeks rally ".. mask[s] a lot of reasons to worry". And finally, "Investors who fail to take a hard look at the vulnerablity of the American economy are courting tremendous risk."
It is unusual for the New York Times to editorialize on the behavior of markets. I commented on its last editorial on the US stock market here. And I noted its last front page story on the stock market here.
Apparently the NYT wants to fight the rally from the March 14 low. I take this as a bullish sign and think it reinforces the case for expecting new bull market highs in the next couple of months.