Read More : http://www.investmentcontrarians.com/stock-market/forget-what-the-bulls-are-saying-red-flags-are-surfacing/1988/

The Ben Bernanke-driven stock market rally continues in full force and is unabated, but I really question the rate of the advance and believe stocks remain overextended at this juncture.

Even with all the Fed's intervention and their attempt to force investors into risk assets, The Chart of the Day's recent market chart notes the current rally is both below average in duration and magnitude.

For as long as it has been around, investors have made a big deal about the Dow Jones Industrial Average. Like it or not, that may never change, but the reality is the Dow is home to just 30 stocks. In other words, it's not the most accurate representation of U.S.-listed stocks.

** For the fiscal second quarter ended July 31, 2011, Mentor Graphics Corp. (MENT) reported revenues of $213.7 million, a 13.7% increase compared to the same period the prior year, non-GAAP earnings per share of $.11, and GAAP earnings per share of $.04.

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