15 Reasons Stocks Should Be Falling

This post by Doug Kass appeared at 8:45 a.m. on May 10 on TheStreet.com's Street Insight.

"I deserve good things. I am entitled to my share of happiness. I refuse to beat myself up. I am an attractive person. I am fun to be with."
-- Stuart Smalley, Saturday Night Live

Every morning over the past two months, I have woken up at 3 a.m. and looked at myself in the mirror. I say to myself, "Self, I am a worthy human being. Are stocks cheap enough, liquidity strong enough and, doggone it, interest rates low enough, for the stock market to continue to rise?"

Then I go back to sleep for maybe an hour. I get dressed in my yellow button-down shirt with a powder blue cardigan. Soon after, I start my day by writing my opening missive for "The Edge." ...