All the financial media can talk about these days is the fact that the Dow and S&P 500 are on pace to reclaim record highs.

The NY Times and USA Today have front-page stories on the matter, we've tackled the issue on the blog and in print and the blogosphere is all over it. The Dow is less than 300 points away -- the record is 14164.53 hit in October 2007 -- and the S&P 500 is less than 4% away from its own peak. It's been able to move higher even as its biggest component -- Apple Inc. -- has been a huge drag.

...