what is the way forward

I met 2 of my private equity friends. They mentioned their investee companies are growing and profits are increasing sequentially. Fear of sudden slow down are gone, companies have dramatically cut expenses and are building on the base set out in 2008.

Assuming what my friends said is true, it does not seem that equity market is going to fall soon unless there is a sudden surprise. further, if the way things are, we might touch a new high soon, may be as early as before mid of next year.